BCA approves Telenet’s SFR BeLux acquisition
June 13, 2017
The Belgian Competition Authority (BCA) has approved the planned takeover of Coditel Brabant SPRL and its subsidiary Coditel (together, “SFR BeLux”) by Telenet Group for €400 million.
Under the brand name SFR (formerly Numéricable), SFR BeLux provides cable and mobile telephony services in Brussels, Wallonia and the Grand Duchy of Luxembourg. Now that the BCA has approval the transaction, the acquisition will be finalised over the coming days.
John Porter, CEO Telenet, commented: “We are very pleased that we have received the green light from the Belgian Competition Authority today. After closing of the takeover, we will also be able to do in Brussels, parts of Wallonia and the Grand Duchy of Luxembourg what we are so good at in Flanders: providing high quality telecom and media products so that our customers are ready for the digital future. Our DNA has a strong customer focus and a drive towards permanent innovation. And that’s what we also want to show in the SFR BeLux area. At the same time, we can grow as a company and take a further step towards becoming a truly national player.”