Swedish communications firm Com Hem up for sale
Published: 10 Dec 10 10:10 CET | Print version
Online: http://www.thelocal.se/30744/20101210/
Swedish television and internet company Com Hem is up for sale and expected to fetch 13 billion ($1.89 billion) to 18 billion kronor, newspaper Dagens Industri (DI) reported on Friday.
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Private equity firm EQT Partners, which is owned by the Wallenberg family-controlled Investor, bought Com Hem for 2 billion kronor and sold it to American asset management firms The Carlyle Group and Providence Equity Partners two years later for 10 billion kronor.
Com Hem currently has about 650 employees in Stockholm, Göteborg, Malmö, Västerås and Härnösand. Other interested buyers in the company include former Danish telecommunications monopoly TDC and Swedish telecommunications operators Tele2 and 3, DI reported.
According to DI, Telia has contacted the EU anti-competition authorities to investigate the possibility of bringing Com Hem back into the fold.
Com Hem supplies triple play services that include cable and digital television, broadband, telephony and HDTV. The company now offers nearly 62 different television channels. It reaches a third of all Swedish households.
The company ranked as the television brand with the least satisfied customers in Sweden in 2007, 2008 and 2009, according to the Swedish Quality Index (Svenskt Kvalitetsindex), an independent customer survey company.
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Dont get the OnDemand box from Motorola, it´s crap. The remote dont work ,if U have to remove-putting batteries back, when u start the box n volume dont work either. No info on ComHem website...I´m mad as hell
A real crappy company!!