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Recent Developments Of Kabel Deutschland in 2018

Redemption of 2018 Senior Secured Notes and 2017 Senior Notes

Kabel Deutschland intends to redeem its €700 million 2018 Senior Secured Notes at a redemption price of 103.250% and €400 million 2017 Senior Notes at a redemption price of 104.875% as of June 30, 2014 replacing these Notes with a new Term Loan by Vodafone.

Kabel Deutschland Recent Developments

Kabel Deutschland Recent Developments

  • On February 13, 2014, Kabel Deutschland held its Extraordinary General Meeting which approved the domination and profit and loss transfer agreement between Kabel Deutschland Holding AG and Vodafone Vierte Verwaltungs AG (an indirect subsidiary of Vodafone Group Plc) as the controlling entity.
  • On March 14, 2014, Kabel Deutschland announced that the domination and profit and loss transfer agreement between Kabel Deutschland Holding AG and Vodafone Vierte Verwaltungs AG (an indirect subsidiary of Vodafone Group Plc) as the controlling entity will become effective on April 1, 2014.
  • On March 26, 2014, Kabel Deutschland announced to distribute 15 additional HD channels from public and private broadcasters, thereby boosting its HD channel availability to over 65.
  • On May 2, 2014, Vodafone Deutschland and Kabel Deutschland launched their new joint umbrella brand for the fixed line business of both companies, “Zuhause Plus”, marking the launch of joint commercial activities.
  • On May 13, 2014, Kabel Deutschland announced that its public WiFi network increased to 350,000 hotspot and homespot access points. By June 2014 the WiFi network will be available in 150 cities and communities across Kabel Deutschland’s network footprint.
  • Today, Kabel Deutschland announces changes in the Company’s Supervisory Board. The Supervisory Board elected Jens Schulte-Bockum as new Chairman of the Supervisory Board. Philipp Humm resigned his position from the Supervisory Board; Frank Krause (Vodafone Deutschland) was appointed by court to the Supervisory Board.

source : https://www.kabeldeutschland.com/en/investor-relations/nachrichten/ir-mitteilungen/may-19-2014.html


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