Unitymedia KabelBW, the German cable operator owned by US media company Liberty Global, has signed an agreement with Nassauische Heimstaette/Wohnstadt to supply the housing company’s apartments with fibre-optic telecoms services from next month. Under a long-term contract with the housing company’s service provider subsidiary MET, Unitymedia KabelBW will supply more than 60,000 homes in Hesse with analogue and digital TV, fixed telephony and high speed broadband at maximum speeds of up to 200Mbps.
TeleGeography’s GlobalComms Database notes that Unitymedia KabelBW was formed on 1 July 2012 following the completion of Liberty Global’s merger of Unitymedia, which operates networks in the federal states of North Rhine-Westphalia and Hesse, and Baden-Wurttemberg-based Kabel BW. Liberty purchased Unitymedia in January 2010 for an enterprise value of EUR3.5 billion (USD3.9 million), before snapping up Kabel BW from Swedish private equity firm EQT in March 2011 for EUR3.16 billion. The combined entity passes around 12.7 million households and has a customer base of around 7.1 million.