Mergers and Acquisitions

Acquisition debate for Vodafone, Deutsche Telekom at ANGA COM summit

The second day of this year’s ANGA COM conference and exhibition in Cologne saw the Broadband and Media Summit prompt lively debate amongst panellists, particularly regarding the recently announced Vodafone Deutschland-Unitymedia acquisition. Keely Portway reports

Moderator, Claus Strunz mediated between participants Dr. Manuel Cubero, CCO, Vodafone; Lutz Schüler CEO, Unitymedia; Conrad Albert, deputy CEO and group general council, ProSiebenSat.1 Media; Carsten Schmidt CEO, Sky Deutschland; and Dr. Dirk Wössner, member of the board of management for Germany Deutsche Telekom.

Prysmian implements new organisation for General Cable integration

Having now completed its acquisition of General Cable, Prysmian Group is launching a new organisation to begin the company’s integration.

Prysmian described the newly created group as a ‘world leader in the energy and telecom cable systems industry.’ It has global headquarters in Milan and reported sales of more than €11 billion (pro-forma as of 31 December 2017). There are approximately 30,000 employees across 112 plants and 25 research and development centres in more than 50 countries.

Prysmian Group closes General Cable acquisition

Prysmian Group has now completed its acquisition of General Cable, the company has announced. Prysmian Group signed the definitive agreement to acquire General Cable at the end of last year in a deal that valued the latter at $3 billion, including debt and certain liabilities.

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