TDC to recommend new offer from Macquarie consortium

(Telecompaper) Danish operator TDC said a consortium of pensions companies PFA, PKA, ATP, and Macquarie Infrastructure and Real Assets, has decided to launch a take-over offer for it for an all-cash consideration of DKK 50.25 per share. The offer is subject to its merger with MTG’s Nordic Entertainment and Studio Business not going ahead. TDC will recommend that shareholders accept the consortium’s offer, which would not be conditional on due diligence, once approved by the Danish Financial Supervisory Authority. …read more

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Telenet raises outlook amid 2.3% higher revenues in Q4

(Telecompaper) Belgian operator Telenet said revenues for the fourth quarter rose 2.3 percent from the year earlier to EUR 644 million. The adjusted EBITDA advanced 6.9 percent to EUR 299 million while the net profit went up to EUR 7.5 million, from breakeven. As a result, Telenet lifted its adjusted EBITDA CAGR for 2015-2018, saying it now sees growth at 6-7 percent instead of 5-7 percent. For the full year, the operator is guiding for adjusted EBITDA growth of 7.8 percent, and capex at 26 percent of revenue, with free cash flow of EUR 400-420 million. …read more

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Liberty Latin America to acquire 80% of Costa Rica's Cabletica

(Telecompaper) Liberty Latin America, the newly split-off unit of Liberty Global focused on Latin America and the Caribbean, has announced an agreement to acquire 80 percent of Costa Rican cable operator Cabletica for around in an all cash deal. Cabletica is valued at an enterprise value of CRC 143 billion (around USD 250 million), a multiple of 6.3x of its fiscal year EBITDA including projected cost synergies, with current owner Televisora de Costa Rica set to retain the remaining 20 percent stake at close. …read more

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