Danish TDC Group is acquiring Get AS, Norway’s second largest cable-TV provider from GS Capital Partners and Quadrangle Capital Partners at a price of NOK 13,8 bn (DKK 12,5 bn) through debt financing. The new entity is expected to create Scandinavia’s largest cable-TV-company in terms of revenue with an expected turnover of DKK 7 bn from the cable business.
Get, via its large hybrid network (fibre and coax) in the urban areas in Norway offers cable TV and high speed broadband, including multi-screen TV service with digital TV store that provides video on demand service to 500,000 connected customers
According to TDC, the acquisition will increase its cable subcribers to a total of 1.7 million connected households, up from the present 1.2 million in the YouSee brand.
“TDC Group and Get fit very well together. Get and YouSee can commercially benefit from sharing best practices and collaborate within product development, innovation and content. On a more technical level, we can reap several synergies by combining our networks in a complete Norwegian infrastructure based on fibre and coaxial cables. On the business to business market, we will over time be able to offer the same broad product portfolio as TDC Group in Denmark.”
– Carsten Dilling, President and CEO