The potential initial public offering (IPO) of French cableco Numericable could take place as early as November, Reuters reports. According to unnamed sources, Numericable’s owners – Cinven, Carlyle and Altice Group – are aiming for a valuation of eight-to-nine times earnings before interest, tax, depreciation and amortisation (EBITDA), or around EUR5 billion (USD6.7 billion). Numericable will hold a conference for analysts on 19 September 2013 in Paris and the company is expected to hold investor roadshows elsewhere in late September.
As previously reported by TeleGeography’s CommsUpdate, Numericable’s private equity owners plan to fully merge the company with its sister operation, the alternative fixed line operator Completel, ahead of the potential IPO of the combined business. BNP, Deutsche Bank and JP Morgan are reportedly in charge of the merger process.