Through the acquisition, Liberty Global aims to strengthen Telenet's business, modernise its network and cement its long-term position in Belgium.
Multinational video, broadband and communications company Liberty Global has acquired 100% of the Belgian operator Telenet.
Commenting on the acquisition, Mike Fries, CEO, Liberty Global, said: “We’re delighted to be taking full ownership of Telenet, a move that will benefit not only Telenet customers but also Liberty Global stakeholders and shareholders as we continue to simplify our business. Liberty Global has been a committed, majority shareholder in Telenet since 2007 and we fully support management’s exciting growth plans for the business. Under full Liberty Global ownership, Telenet will now undoubtedly be on a stronger footing to further grow the business, modernize its network and cement its preeminent position in Belgium for the long-term.”