Cablecom plans IPO in October
Copyright 2005 World Markets Research Limited;All Rights ReservedWorld Markets AnalysisSeptember 16, 2005By Fernanda VeigaFrom Lexis Nexis
Swiss triple-play operator Cablecom is planning an initial public offering (IPO) on the Swiss stock exchange for the end of next month, Reuters reports. Credit Suisse First Boston and Morgan Stanley will together act as the IPO's joint global coordinator and bookrunner.
Significance: Cablecom's move is in order to raise financial resources for entering the Swiss mobile market. It was recently reported to be in talks with all three Swiss network operators (see Switzerland: 6 September 2005: Nokia Delivers EDGE Network to Sunrise). Cablecom is the largest cable network operator in Switzerland with 7,000 km of high-capacity fibre backbone, which serves approximately 2 million households across 14 large cities.