0
Broadband

Telenet completes takeover of SFR BeLux

Tuesday 20 June 2017 | 08:48 CET | News
Telenet has completed the takeover of SFR BeLux from Altice, following regulatory approval last week. The takeover for EUR 400 million was financed with cash on hand and available credit facilities. This includes EUR 120 million from the rollover credit due June 2018 and carrying interest at 2.25 percent over Euribor and EUR 90 million under the facility due June 2023 with interest of 2.75 percent over Euribor. Telenet also confirmed its target for EUR 16 million in annual synergies from the takeover by 2021, plus an additional EUR 12 million investment to upgrade the acquired network in

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Altice Europe / SFR / Telenet
Countries: Belgium
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Eltrona acquires SFR-Coditel operations in Luxembourg, forms jv with Telenet

Published 26 Feb 2020 09:51 CET | Luxembourg
Eltrona, a cable company from Luxembourg, has acquired SFR-Coditel's operations in the country from Telenet. The Post Luxembourg ...

Telenet to let go most of SFR Brussels staff

Published 09 Oct 2018 09:32 CET | Belgium
Telenet is cutting 40 of the 49 jobs at its unit Coditel Brabant, the Brussels company acquired in the takeover of SFR BeLux. ...

Telenet nadert voltooiing netwerkupgrade in Henegouwen

Published 22 Jun 2018 11:36 CET | Belgium
Telenet nadert de voltooiing van de upgrade van het voormalig SFR-netwerk in de provincie Henegouwen. Het Belgische ...

Telenet sees high take-up among Hainaut SFR customers after network upgrade

Published 22 Jun 2018 10:28 CET | Belgium
Telenet is nearing completion of the upgrade of the former SFR network in Hainaut province. The company has seen strong take-up ...

Telenet makes fresh bid for Voo's Brussels arm - report

Published 20 Jun 2018 09:33 CET | Belgium
Belgian operator Telenet has made a bid for Brussels cable operator Brutele, which operates under the brand name Voo, De Tijd ...

Telenet to start closing down SFR BeLux services from April

Published 21 Mar 2018 12:31 CET | Belgium
The operator will give a one-month price reduction on its triple-play deals Whop and Whoppa and provide free installation and ...

Telenet adds 35,800 quad-play households in Q2

Published 02 Aug 2017 10:40 CET | Belgium
Telenet announced further growth in the number of quad-play households, sold as Wigo. In the second quarter, the company said net ...

Heeft Tele2 NL zijn vaste consumentennetwerk zojuist te koop gezet?

Published 22 Jun 2017 10:43 CET | Netherlands
Consolidatie houdt de gemoederen bezig. Telenet heeft zojuist toestemming gekregen voor het inlijven van SFR BeLux en het vizier ...

Telenet rondt overname SFR Belux af

Published 20 Jun 2017 07:20 CET | Belgium
Telenet heeft de overname van Coditel Brabant BVBA en haar dochter-vennootschap Coditel S.à r.l. (samen SFR BeLux) formeel ...

Telenet wins regulatory approval for SFR BeLux takeover

Published 13 Jun 2017 09:17 CET | Belgium
The Belgian competition authority has approved Telenet's takeover of SFR BeLux from Altice. The former Numericable activities ...

Telenet wants to be number one but still has a long way to go

Published 22 Feb 2017 16:08 CET | Belgium
Telenet reported revenues of EUR 629 million for the fourth quarter, an increase of 2.1 percent pro forma for the takeover of ...

Telenet to buy SFR BeLux for EUR 400 mln

Published 22 Dec 2016 08:41 CET | Belgium
Telenet has agreed to buy SFR Belgium and Luxembourg from Altice for EUR 400 million. This extends Telenet's footprint into parts ...





Calendar   /   Industry Events

07 Aug Starhub Q2 2020
07 Aug O2 Czech Republic Q2 2020
07 Aug TDS, US Cellular Q2 2020
07 Aug Dish Network Q2 2020
10 Aug Gogo Q2 2020
10 Aug Ceva Q2
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
11 Aug Radcom Q2 2020
11 Aug Rakuten Group Q2
11 Aug Lumentum fiscal Q4
11 Aug Viavi fiscal Q4
11 Aug NTT fiscal Q1
12 Aug China Unicom Q2 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug Tecnotree H1 2020
13 Aug Singtel fiscal Q1
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
13 Aug RTL Group Q2 2020
13 Aug Teleste Q2 2020
13 Aug iQiyi Q2 2020
13 Aug China Mobile H1 2020
13 Aug United Internet H1 2020
::: More Calendar Items