Telenet not withheld for final negotiations in relation to the acquisition of VOO

Mechelen, November 22, 2021 - Telenet Group NV, a wholly owned direct subsidiary of Telenet Group Holding NV (“Telenet”) (Euronext Brussels: TNET), confirms it was not withheld by Nethys SA to enter into exclusive negotiations to acquire a majority shareholding in the Walloon cable operator VOO SA (“VOO”).

Telenet’s interest in acquiring VOO comprised a futureproof industrial telco project in Wallonia and throughout Brussels. Telenetregrets today’s decision as an acquisition by Telenet would have brought benefits to the overall competitive landscape in Belgium, the Walloon and Brussels regions and for VOO as a company.

Telenet will assess the decision and consider its further options.

Press release 22112021 - Press release EN.pdf - 163 KB

 

 

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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 58.28% in Telenet Group Holding SA/NV (excluding any treasury shares held by the latter from time to time).


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