Telenet commences a strategic review of its telecommunications tower business, including a preliminary market assessment, to enhance shareholder value
The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market. Inside information.
Mechelen, October 28, 2021 – Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces that its board of directors has decided to commence a strategic review of Telenet’s telecommunications tower business, including a preliminary market assessment, amidst strong demand for telecommunications infrastructure assets generally and as the case may be broader strategic transactions for the Company.
Telenet operates a nationwide mobile network in Belgium, consisting of 3,311 sites. This includes 2,145 owned sites, of which 37% are towers, and 1,166 third-party sites.
Telenet’s board of directors remains fully committed to drive healthy profitable business growth within its portfolio of telecommunications and entertainment services in Belgium and to generate sustainable shareholder value in the future.