Cable provider com hem sold

Two US private-equity funds have agreed to buy Sweden's com hem AB, a provider of cable-television, telephone and broadband Internet services, for about 1.2 billion dollars, sources familiar with the deal told The Wall Street Journal Europe.

Providence Equity Partners of Providence, Rhode Island, and Washington-based Carlyle Group are expected to announce the deal Monday, the report said.

The two would be purchasing Stockholm-based com hem, Sweden’s largest cable-television provider in terms of subscribers, from Swedish private-equity fund EQT Partners.

AFP