Owners of Numericable eye float

The private equity owners of Numericable have hired Rothschild to work on a Paris stock market debut this year that could value the French cable operator at up to €5bn (£4.3bn), four sources with knowledge of the plan said. The funds ­– Cinven, Carlyle and Altice Group – have yet to appoint bookrunners for the listing. Numericable could be worth up to €5bn based on a multiple of around 8 times its 2012 core earnings of €456m plus €181m for Completel, the business-to-business telecommunications unit it acquired in 2007.