Get to be got? Norwegian cableco to be put up for sale?

11 Jul 2012

Norwegian cableco Get is reportedly set to be offered up for sale, Reuters claims, with suggestions that current owners Quadrangle and Goldman Sachs Capital Partners may see as much as EUR1 billion (USD1.23 billion) from such a transaction. According to the report, which cites people familiar with the matter, Quadrangle and GS Capital Partners are currently making preparations for Get’s sale, which is expected to take place either later this year, or early in 2013. UPC, the European division of cable group Liberty Global has been mooted as one possible interested party, should Get be put up for grabs, despite having previously owned the company. As noted in TeleGeography’s GlobalComms Database, in September 2005 Liberty Global, Get’s then parent company, decided to exit Norway, agreeing to sell its entire stake in the cableco to private equity group Candover Partners for a total enterprise value of NOK3.6 billion (USD539 million). The transaction was completed in January 2006 and the new owners rebranded the company as Get in October that year.

Norway, Get