Com Hem, the Swedish cable operator owned by BC Partners, is preparing an initial public offering to raise about $1 billion, according to reports.

Com Hem could start the sale process as early as next week. The Stockholm IPO would value the company at about $3 billion and will likely involve a sale of new and existing shares.

Com Hem, which connects to nearly 40 per cent of homes in Sweden, reported earlier this month reported a Q1 underlying EBITDA of 545 million kronor ($83 million), compared with 544 million kronor a year earlier. Sales were little changed at 1.12 billion kronor as the number of unique subscribers increased 1.8 per cent to 838,000.

Other posts by :

1. Rakuten makes historic satellite video call
2. Rocket Lab confirms D2C ambitions
3. Turkey establishes satellite production ecosystem
4. Italy joins Germany in IRIS2 alternate thoughts
5. Kazakhstan to create museum at Yuri Gagarin launch site
6. AST SpaceMobile gets $42 or $1500 price target
7. Analyst: GEO bloodbath taking place
8. SES AGM results: Appaloosa still objecting
9. SpaceX’s Shotwell worth $1.2bn

Categories: Articles, Business, Cable, IPO