PrimaCom launches 120Mbps broadband in Dresden

German cable operator PrimaCom has announced the launch of its 120Mbps broadband service in Dresden, the capital of the federal state of Saxony. The service is currently available to around 19,500 households in the city already served by the cableco; customers can test the new 120Mbps package free of charge for one month, after which they will have to sign a minimum 24 month contract if they wish to continue using the service. Already available in over 185,000 households in Leipzig, Chemnitz, Halle/Saale and Hoyerswerda, PrimaCom plans to upgrade all households connected to its network in eastern Germany to 120Mbps speeds by 2012. According to TeleGeography’s GlobalComms Database, PrimaCom last month announced the successful completion of its refinancing. As part of the restructuring, Medfort, which acquired PrimaCom in July 2010 after the cableco filed for insolvency, was in turn acquired by Perseus, a firm controlled by financial investors Alcentra Group, Avenue Capital Group, ING and Tennenbaum Capital Partners. The move will enable PrimaCom to further grow its business through plans to invest almost EUR100 million (USD129 million) in its operations over the next four years.