The second-largest MSO in Canada has secured a deal to buy the second-largest MSO in Portugal.
Cogeco Cable Inc. of Canada on Friday announced it would purchase Cabovisao-Televisao por Cabo S.A. in a deal valued at $600.7 million.
The price includes the purchase of senior debt and reimbursement of "certain other liabilities" of Cabovisao. The final purchase price will be determined after the completion of a post-closing working capital adjustment, the companies said.
Cabovisao, a subsidiary of Cable Satisfaction International Inc. (CSII), operates a two-way 750 MHz, DOCSIS 1.1 network that passes 820,000 homes, with 264,000 analog video customers, 130,000 high-speed data subs, and 217,000 phone customers.