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Latest Satellite News Discussion, Info Teleste buys German cable trio at General Satellite News forum; Teleste buys German cable trio Three German cable service companies have been acquired by the services division of Teleste Corporation ...

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Info Teleste buys German cable trio
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Info Teleste buys German cable trio - 03-January-2009, 15:40

Teleste buys German cable trio

Three German cable service companies have been acquired by the services division of Teleste Corporation in deals totalling 8.7 million. MKS companies, Young-Net GmbH and Antel GmbH specialise in the upgrade of and maintenance of cable systems.

MKS and Young-Net operate in North Rhine-Westphalia, Lower Saxony and Rhineland-Palatinate, while Antels activities are in Bavaria. Services are provided both directly and through the affiliated company Cableway, in which Telestes own holding has risen to 50%.
Former owners Volker Meyer (MKS), Tobias Jung (Young-Net) and Josef Wrtz (Antel) will continue to manage their respective companies.

The acquisitions make Teleste one of the key service providers for German cable, reaching some 20 million end users.
   
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