Liberty Global : Telenet acquires Eltrona’s activities in LuxembourgLiberty Global’s Belgium subsidiary, Telenet, has announced its acquisition of the remaining shares of Eltrona, a telecommunications company based…

Liberty Global’s Belgian subsidiary, Telenet, has announced the acquisition of the remaining stake in Luxembourg-based telecommunications company Eltrona. With this transaction, Telenet acquires full ownership of a telecommunications company outside Belgium for the first time.

As of the end of September 2022, Eltrona has approximately 50,000 unique customer relationships, with approximately 46,000 cable and/or IPTV subscribers, approximately 16,000 broadband Internet RGUs, approximately 8,000 fixed line subscribers and approximately 2,000 mobile Serving SIM. Telenet is currently the sole shareholder of the business.

The transaction is expected to close in the coming weeks, with both parties working towards completion by early January.

Telenet CEO John Porter said: Belgium.By becoming the sole owner of Eltrona, Telenet will be able to offer future-proof growth prospects and become the number one brand in terms of customer experience in the competitive and evolving Luxembourg market. believe. ”.

Karl Abelshausen, Telenet’s Vice President of Finance, M&A, Integration and Tax, will be appointed interim CEO immediately upon completion of the acquisition. Abelshausen will serve as Chief Financial Officer of Eltrona until the end of 2021 and has been a member of the Board of Directors since July 2021. The next few months will be spent defining the company’s new strategy and broader

Read the full release here.


Liberty Global plc I published this content on December 23, 2022 You are solely responsible for the information contained therein. It will not be edited or modified and will be distributed by the public. December 23, 2022 15:15:05 UTC.

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