Morgan Stanley fund makes acquisition bid for Tele Columbus: Reuters

A fund backed by Morgan Stanley Infrastructure Partners has made a cash offer to acquire Tele Columbus in a deal that values the German fiber network operator at over 400 million euros ($487.84 million), reported Reuters.

A fund backed by Morgan Stanley Infrastructure Partners has made a cash offer to acquire Tele Columbus in a deal that values the German fiber network operator at over 400 million euros ($487.84 million), reported Reuters. The news wire noted that United Internet will offer its 29 percent stake in Tele Columbus in exchange for a stake in the Morgan Stanley-backed investment vehicle.

Source: Reuters