French cabler Numericable starts IPO process

French cable operator Numericable has launched the process of seeking a public listing by publishing a document for approval by the country’s financial markets regulator. Numericable’s move follows its merger in August with sister-company Completel. The IPO has been chosen as the second best exit strategy by shareholders Carlyle and Cinven, each with a 37.5% […]

Liberty Global ups Ziggo stake to 28.5%

Liberty Global has upped its stake in the Netherlands’ largest cable operator Ziggo to 28.5% – more than doubling the 12.65% holding it originally bought back in March. In a filing to the US Securities and Exchange Commission, Liberty said that it had acquired 17.5 million additional shares in Ziggo, which it financed through a […]

Numericable ‘set to go public’

French cable operator Numericable has hired Rothschild to advise it on a public flotation, according to French press reports. Financial daily Les Echos reported that the cable operator plans to launch its IPO this year, citing four sources close to the matter. According to the paper, the decision to float the company follows the failure […]

Liberty buys 12.7% Ziggo stake

Liberty Global has paid roughly €632.5 million (US$808.3 million) for a 12.65% stake in the Netherlands’ largest cable operator Ziggo. Through the deal, Liberty has acquired 25.3 million Ziggo shares from Barclays Capital Securities for €25 per share, giving it an almost 13% stake based on the shares outstanding as of December 31, 2012. Commenting […]

Numericable readies move for SFR

French cable operator Numericable is preparing to make an offer to acquire local telco SFR, according to reports. BFM Business, citing sources close to Numericable, reported that the cable operator’s owners Carlyle, Cinven and Patrick Drahi are preparing to make an all-cash offer for the larger telecom operator, with a plan to merge the two […]