Tele Columbus acquires Vodafone’s shares in KMS

30 Oct 2017

German cable operator Tele Columbus, which operates under the brand name PYUR, has agreed to purchase Vodafone Kabel Deutschland’s shares in Munich-based regional cableco KMS. Under the agreement, Tele Columbus’ wholly-owned subsidiary pepcom Sud acquired the outstanding 30.2% of Kabelfernsehen Munchen Servicenter GmbH & Co. KG and a further 24.0% of Kabelfernsehen Munchen ServiCenter GmbH – Beteiligungsgesellschaft. As a result, both companies are now 100% owned by the Tele Columbus Group. The acquisition agreement provides for a purchase price of EUR40 million (USD46.4 million) after the conclusion of the contract and a further tranche of EUR12 million in the first quarter of 2018.

KMS supplies around 455,000 households in Munich and southern Germany with cable television, internet access and fixed telephony services. As part of the agreement, Tele Columbus will hand over around 15,000 homes connected to Vodafone Kabel Deutschland over the next twelve months which could not be upgraded for two-way communication at economically attractive terms. Currently these homes connected are already supplied with cable TV signals from Vodafone Kabel Deutschland.

Germany, Tele Columbus Group (PYUR), Vodafone Germany