U.S. equity firms bid for Swedish cable company

U.S. private equity firms Carlyle Group and Providence Equity partners reportedly want to buy cable TV company UPC Sweden and merge it with rival Com Hem, which they already own.  

Carlyle and Providence, which bought Com Hem in December 2005 for just over 1.3 billion dollars, have bid for UPC Sweden.  Com Hem is Sweden’s biggest cable firm, with around 36 percent of the local household television market and 60 percent of the cable market, while UPC has around 1.4 million customers in this country of around 9 million. 

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