![]() ![]() ![]() Its parent, the holding company Altice, is finalising its own IPO this week, and is set to start trading its shares on Friday. The relative scarcity of cable assets allowed France’s Numericable to pull off a successful listing that valued the company at around 3 billion euros in November. It tried last year but its 2 billion euro bid was rejected. ![]() Some analysts say Liberty could go further by buying the remaining 42 percent of Belgian cable operator Telenet TNET.BR that it does not already own. Vodafone also beat out Liberty to buy Germany’s biggest cable group Kabel Deutschland for 7.7 billion euros last year. Liberty has taken two listed companies - Britain’s Virgin Media for $16 billion (£9,643,782,773.79) last year and Holland’s Ziggo for $6.7 billion on Monday - off the table. tycoon John Malone, is the cross-border leader, alongside a few national groups like France's Numericable NUME.PA. The sector has also matured from a fragmented market in which there were often multiple companies in each country to one where Liberty Global, backed by U.S. Their networks, designed to deliver TV to homes, have been upgraded to carry voice calls and Internet at speeds often five times faster than telcos’. Unlike Europe’s telecom operators, cable firms have posted strong sales growth in recent years by expanding into superfast broadband. Lee Partners and Quadrangle Capital Partners. funds CCMP Capital, Providence Equity Partners, Thomas H. Ono had been planning an initial public offering (IPO) this year, but it may be pre-empted by a bid of at least 7 billion euros ($9.6 billion), or 10 times its 2012 operating profit, bankers said. Ono, Spain’s largest cable group, has become subject to a bidding war between Vodafone and Liberty Global and talks with its private equity owners are ongoing, said two people familiar with the situation on Tuesday. (Reuters) - Europe's booming cable sector is set for another round of deal-making as the private-equity owners of cable companies in Spain, Sweden and Norway head for the exit and giants like Vodafone VOD.L and Liberty Global LBTYA.O compete for targets. ![]()
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