Numericable valued at between €6bn and €7bn
Pascale Paoli-Lebailly | 26-10-2013
French cable operator Numericable, which is preparing its IPO, has been valued at between €6bn and €7bn by financial analysts, according to l'Opinion.
"This figure includes €2.78bn of debts. Numericable's net value then oscillates between €3.2bn and €4.2bn, and the IPO is set to be the biggest on the Paris market in the past six years," l'Opinion said.
The group, which comprises cable operator Numericable and business telco Completel, wants to keep developing investments and accelerate its debt adjustment.
Numericable is co-owned by investment funds Carlyle, Cinven and Altice.
European cable operators are becoming attractive to investors because of the growing need for bandwidth from internet users.
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