Telenet Fluvius partnership to be notified to European Commission

Telenet Fluvius partnership to be notified to European Commission

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, 17 November 2022 - Today, Telenet BV Telenet BV, a wholly owned indirect subsidiary of Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) and Fluvius System Operator CV ("Fluvius") have been informed that their agreement to collaborate to build the network of the future in Flanders and parts of Brussels will have to be notified to the European Commission's Directorate-General for Competition under the EU merger control rules as it falls within the scope of EU Merger Regulation and so requires prior approval.

On 19 July 2022, Telenet and Fluvius announced an agreement to jointly build the network of the future. To this end, both parties intend to establish a new infrastructure company (working name 'NetCo').

This project must now be notified to the European Commission. Due to this notification, the parties expect that the actual launch of NetCo will not take place early next year (as earlier communicated) but rather by the summer of 2023, as soon as the Commission’s clearance is granted. ​ ​

Telenet and Fluvius will give their full and constructive cooperation in the context of this notification.

 

 

Stefan Coenjaerts Director Corporate Communications, Telenet
Press release Final press release - ENG.pdf - 933 KB

 

 

About Telenet BV

As a provider of entertainment and telecommunication services in Belgium, Telenet Group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels.

Under the brand name BASE, it supplies mobile telephony in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant.

Telenet Group is part of Telenet Group Holding NV and is quoted on Euronext Brussel under ticker symbol TNET. For more information, visit www.telenet.be. Liberty Global - one of the world’s leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution – owns a direct stake of 58.9% in Telenet Group Holding SA/NV (excluding any treasury shares held by the latter from time to time).


The BASE newsroom can be found at press.base.be

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