Tele Columbus completes Pepcom acquisition

German cable operator Tele Columbus has completed the acquisition of the country’s number four cable operator Pepcom, having previously announced its agreement to take over the company in September.

The acquisition expands Tele Columbus’s presence in key urban centres including Frankfurt, Nuremburg and Munich, and, along with the earlier acquisition of Primacom, takes its overall number of connected homes to 3.6 million, consolidating its position as Germany’s third-largest cable operator.

Pepcom has about 580,000 subscribers and 790,000 connected households across 100 local and regional networks. It has a 70% stake in Munich enterprise-focused fibre network provider KMS and Leipzig-based HL Komm Mit Sitz.

Tele Columbus CEO Ronny Verhelst said that Pepcom’s modern networks could easily be integrated with Tele Columbus and would allow the company to rapidly realise synergies. He said the acquisition would strengthen Tele Columbus’s position in eastern Germany and Bavaria, and in the enterprise market.

Uwe Nickl, CEO of Pepcom, said that the acquisition would enable the former Pepcom to expand its business and realise its strengths as a partner for the housing industry, other major customers and consumers.