Primacom
The primacom Berlin GmbH is a private cable operator in Germany with around one million connected households and approximately 800,000 customers. It is the successor company of the insolvent since 2010 listed primacom AG.
Primacom mainly supplies customers in the eastern states (Berlin, Brandenburg, Mecklenburg- Western Pomerania, Saxony, Saxony- Anhalt, Thuringia) and continue to provide support in the states of Baden -Württemberg, Hesse, Lower Saxony, North Rhine -Westphalia, Rhineland -Palatinate and Saarland. The company offers its customers communication products such as television (analog, digital, IP), Internet, telephone, and applications in elderly care in homes and smart metering / telemetry. The company has been the acquisition of the German Tele DTK cable on 17 March 2014, the number 4 in Germany behind its direct competitor, Tele Columbus and claims to be the market leader in its core area of Central Germany. The DTK takeover was vorausgegengen a takeover bid for Tele Columbus to primacom in November, 2013, which, however, was clearly rejected by the primacom management. The corporate headquarters is based in Leipzig.
History
Primacom was created in 1998 from the merger of cable media and Süweda. After the merger, the Group was floated on the Stock Exchange on 22 February 1999 at the New Market and NASDAQ. Since 5 June 2003, the share of primacom AG is listed in the Prime Standard of the Frankfurt Stock Exchange.
In August of 2000, the company acquired primacom multi cable in the Netherlands, which was sold five years later to UPC. In September 2007, the Orion Cable GmbH acquired nearly 91 % of the shares in primacom group, with the desire to integrate the company with the Tele Columbus Group held by Orion Cable then. The integration tests of Orion Cable were stopped in 2009 by the primacom because the integration achievements were assessed at the time as too low. The stop of integration led to the banks of the primacom to uncertainty, which is why 2009 refinancing negotiations were started in December.
As part of the refinancing negotiations the operational business of primacom Group was established in July 2010 by Medfort S.à rl acquired. This operating business and the former holding company, the primacom AG were separated ( the 2010 bankruptcy filed on 16 June). In January 2011 primacom closed the refinancing successfully and is now focusing on the development of the operating business.
The main driver of the core business is the network of the company. This changed with the years. While at first were the core areas of the company with Hessen / Rhineland -Palatinate / Baden- Württemberg and is divided into the eastern states on two core areas, the stocks were sold in the western parts of the Federal Republic in the following years to competitors. In 2008, the networks in Aachen and Wiesbaden at Unity Media were and 2010, the city networks in Mainz and Osnabrück were sold to cable Germany. Following the trend of population trends, primacom began his headquarters in the eastern states to relocate and closes this process 2011 claims to definitively from.
Organization
The primacom group is removed by the Luxembourg company Medfort S.à rl maintained at 100%. Medfort S.à R. L. in turn will be 100 % by Perseus S. A. held.
The operational business of the Group is guided by the holding company, primacom Management GmbH. Below the holding, operating fixed assets and rights and licenses are also led staff in different operating units.
Indicators
Primacom supplied about one million connected households, the majority of which is completely technologically upgraded according to the company. The core of the network, the backbone installed by specially primacom, ie a redundant and automatically controlled network, which is controlled centrally from Leipzig out.
According to information from the company's turnover is currently about 100 million euros and earnings before interest, taxes, depreciation and amortization (EBITDA ) of just over 40 million euros.