Advanced Television

Netgem completes Videofutur Fibre business sale

March 20, 2023

By Colin Mann

Following the sale agreement announced on February 10th, streaming entertainment specialist Netgem and Nordnet have confirmed that the closing of the sale of Netgem’s fibre france business will take effect from April 1st 2023.

The transfer to Nordnet of the 10,000 subscribers to the Videofutur Fibre offer will be carried out in accordance with the technical and contractual conditions from which they have benefited up to now, without any impact on the subscription price and associated services, in particular the television service operated by Netgem. Subscribers will also be able to benefit from additional services at a later stage thanks to the Nordnet ‘s expertise, an access provider for over 25 years and subsidiary of the Orange group.

“We are pleased to have finalised this transaction with Nordnet, which is directly in line with our strategy of refocusing on our core business, and pleased to extend the existing relationship with Nordnet into a long-term partnership,” commented Mathias Hautefort, CEO of Netgem. “I am convinced that Nordnet is an excellent solution for our subscribers, and I would like to thank them for the trust they have shown in us.”

“”I am delighted that Netgem has entrusted us with the Internet Access business previously operated under the La Fibre Videofutur brand,” added Jean-François Braems, Chairman and CEO of Nordnet. “Nordnet’s teams are already hard at work to welcome customers in the best conditions. The continuity of their service will be guaranteed thanks to Netgem’s reliability. This relationship of trust will enable us to offer a seamless experience, so that all customers continue to benefit from their Internet connection and high quality services.”


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