Although the 7.7bn-euro (£6.6bn; $10bn) takeover of German cable operator Kabel Deutschland by Vodafone (set to be completed on Monday) is set to impact on the latter’s net income through around €205 million of unplanned expenses, there are some encouraging figures for an imminently post-takeover Kabel Deutschland.
Customer growth, for one, is up by a net increase of 84,000, complimenting a welcome record in digital recorder and pay-TV sales, and revenue has grown by 5.7% on the preceding quarter.
Growth forecasts for the current financial year, however, have been reduced from 8% to 5-6%, while a “change of control” clause in bank loans still requires clarification. Follow-up loans of €2.07 billion were paid back early by KDG, which also returned unused credit lines of €324 million so far.
The takeover representsVodafone’s entrance into consumer broadband and television.