Mainz, Germany


Mainz, Germany-German MSO PrimaCom AG said last week that it completed the purchase of the Netherlands' No. 4 cable operator, Multikabel N.V.

The acquisition, the latest in a series of buys, boosts PrimaCom's subscriber base by 300,000 homes to 1.23 million.

Although it didn't disclose specific terms of the deal, PrimaCom said it will finance the acquisition with a 1 billion Euro ($900 million) revolving credit facility, and it plans to secure a 375 million Euro ($338 million) bridge loan.