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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

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Categories: Fixed
Companies: Altice Europe / SFR / Telenet
Countries: Belgium
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