EQT acquired Kabel BW in 2006 from private equity group Blackstone
With EQT’s support, Kabel BW invested over EUR 600 million in Capex and established one of the most modern networks in Europe. This not only enabled the company to provide internet transfer speeds of up to 100 MBits/s but also to introduce attractive new products. The number of broadband internet and telephone clients (“CleverKabel”) increased by more 177% during EQT’s ownership. Further investment-based contributions to Kabel BW’s future growth included a growing number of rented HD receivers and recorders, the company’s own pay-TV offer “MeinTV”, as well as a partnership with Sky and video on demand services offering around 1,000 blockbusters and film classics, partly in HD. Mobile voice services in addition to mobile data transmission was also introduced during EQT’s ownership.,
In March 2011, EQT IV and V sold KBW to Liberty Global, Inc. for en Enterprise Value of EUR 3.16 billion.
Key events during EQT's ownership
- Invested more than EUR 600 million to upgrade network and thereby created one of the most modern networks in Europe, well ahead of German Peers
- Launched high value products (Broadband & Telephony, Digital/HD/3D/Interactive TV, Mobile, VAS) driving sales and EBITDA (more than doubled since 2007) growth
- Built a consumer brand and develop a strong sales platform