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M7 Group sells Fiber and Stipte to XS Provider

March 21, 2019 10.59 Europe/London By Robert Briel

Luxemburg-based M7 Group has sold two Dutch fibre providers, Stipte and Fiber Nederland, to Tilburg based XS Provider.

The company acquired the two providers in October 2017. At the time, the combined number of homes served by Stipte and Fiber NL was estimated at between 35,000 and 40,000.

The acquisition will close on April 1, and the two providers will continue to sell and market their services under their own name. At the time, M7 paid €800,000 for the two providers.

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Related

Filed Under: Finance, Newsline Tagged With: Fiber, M7 group, Stipte, The Netherlands, XS Provider Edited: March 21, 2019 13:14

About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

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