Tele Columbus expands presence in core region through BMB acquisition

23 Sep 2014

German cable operator Tele Columbus has acquired all the outstanding shares in Gelsenkirchen-based BMB from Marienfeld Multimedia, a subsidiary of housing group Vivawest, in a move aimed at strengthening its presence in its core region of North Rhine-Westphalia. BMB supplies around 220,000 households in the Ruhr and Rhine areas with radio, television and multimedia services. Tele Columbus said the full acquisition of BMB creates the potential for the sale of additional TV packages, as well as high speed internet and fixed telephony connections.

TeleGeography’s GlobalComms Database notes that Tele Columbus provides cable TV, broadband internet access and voice-over-internet protocol (VoIP) telephony services to around 1.7 million connected households in Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia, as well as a number of focus areas in western Germany. In 2009 the company was sold to its creditors, including York Capital, Alcentra, GoldenTree Asset Management and the Bank of Ireland, as part of a financial restructuring.

Germany, Tele Columbus Group (PYUR)