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30 September 2014
Germany’s third-largest cable operator, Tele Columbus, is to launch an IPO by the end of the year in a bid to raise $380 million.
The IPO will consist of new and
existing shares which will be listed on the Frankfurt Stock
Exchange, and the funds raised will be used to help reduce debt
and fund growth.
Tele Columbus connects approximately 1.7 million households
across eastern Germany.
"We plan to list our shares on the regulated or prime standard
market of the Frankfurt stock exchange by the end of the year,
depending on the market environment," the company said in a