M7 Group buys Stipte, Fiber Nederland

News Broadband Netherlands 9 OKT 2017
M7 Group buys Stipte, Fiber Nederland
The M7 Group has acquired Fiber Netherland and Stipte. The deal will not bring about any noticeable changes for the customers of Fiber Nederland and Stipte. For Fiber NL, the deal includes all business activities and working staff. No financial details were disclosed. 

The takeover took place on 28 September. The companies will be merged with Online, Fiber NL told Telecompaper, adding that the increased scale will lead to purchasing benefits. Stipte was acquired in January 2016 by Fiber NL, a company set up by Oxxio founder Martijn Scherpenzeel. 

The M7 Group, based in Luxembourg, has in the Netherlands the brands Online and CanalDigitaal. The company has a total of 3 million customers, also including brands TV Vlanderen and TeleSAT in Belgium, AustriaSAT and HD Austria in Austria and Skylink in the Czech Republic and Slovakia. According to Telecompaper's report on the broadband market, M7 had around 160,000 broadband customers through Online.nl at the end of the second quarter. The number of Fiber broadband clients (including Stipte) was estimated at 35,000-40,000.

Categories:

Internet

Companies:

CanalDigitaal,  TV Vlaanderen,  M7 Group,  SkyLink,  AustriaSat,  Stipte

Countries:

Netherlands

Tags:

Fibre, Wireline, Corporate, Internet Access

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