PrimaCom AG i.I.
Ad hoc-Service: PrimaCom AG english
Ad hoc announcement processed and transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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PRIMACOM AND UPC COMBINE GERMAN BUSINESSES
Total subscribers grow to 1.9 million,
UPC becomes majority shareholder of PrimaCom
MAINZ, GERMANY, AMSTERDAM, THE NETHERLANDS, March 29, 2001 –
The Supervisory and Management Boards of PrimaCom AG (Neuer Markt Frankfurt, WKN
625910; Nasdaq: PCAG) and United Pan-Europe Communications N.V. (‘UPC’)
(Euronext Amsterdam: UPC, Nasdaq: UPCOY) today announced that they have approved
the combination of their German cable businesses.
Under the terms of the agreement, UPC will combine with PrimaCom its
German subsidiary EWT/tss, representing approximately 570,000 cable TV
subscribers, the TeleColumbus option received from Deutsche Bank.
representing an estimated potential 530,000 additional cable TV subscribers,
as well as its subsidiary B.V. Holding CAI located in Alkmaar, the Netherlands,
representing approximately 42,000 subscribers. At year end PrimaCom
reported 1.005,159 German cable TV subscribers and 296,538 subscribers in
the Netherlands (Multikabel),
The transaction will create the third largest cable operator in Germany with
approximately 1.6 million subscribers (excluding the subscribers that are
subject to the TeleColumbus option). Of this subscriber base, approximately
355,000 and 655,000 subscribers are in the regions Berlin/Brandenburg and
Sachsen/Sachsen-Anhalt/Thueringen respectively, which represent estimated
regional market shares of 18% and 35% respectively.
The company will also have the option to acquire from TeleColumbus
approximately 530,000 estimated aggregate subscribers (472,000 equity
subscribers).
This adhoc release will be followed by a comprehensive press release
providing full details of the transaction.
NOTE: There will be a webcasted conference hosted by the management
of UPC and PrimaCom this afternoon at 17:30 h Frankfurt time. To follow
the conference please go to the webpage www.primacom.de or
www.upccorp.com
Contact: PrimaCom AG,
Alexander M Hoffmann, Director Investor Relations
Tel. +49/6131 9310150
end of ad hoc announcement, (c) DGAP 29.03.2001
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WKN: 625910; Index: NEMAX 50
Listed: Neuen Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart;
290858 Mär 01
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