This takeover has made Telenet the owner of a cable network whose operator had already been offering telecommunications services since 1997.
Telenet has been offering telecommunications services (TV, internet, fixed telephony) since 1997 in the municipality of Etterbeek through a contract with the municipality. This has allowed Telenet to use its cable network (HFC – or hybrid fibre coaxial – network) for an annual fee, and to carry out any maintenance and extension of the network as a subcontractor of the municipality. As the contract will end on 31 December 2018, the municipality of Etterbeek has decided to sell this network.
Consequently, Telenet felt it should seize this opportunity to become the owner of the Etterbeek network as this would give it more end-to-end control over its current and future quality, as is the case in other municipalities in Brussels where it is already present, and thus better serve its customers. This also fits in with the company’s investment strategy in Brussels. With this extra investment, Telenet will indeed be the owner of all the cable infrastructures it operates on in Brussels.
The transaction was carried out on Thursday, December 27 after being approved by the Etterbeek Municipal Council last October. The takeover will have no effect on the situation of the customers, continuity is ensured.