The integration of Telenet’s SFR-Coditel in Luxembourg with the activities of Eltrona has been formally concluded.
It follows a strategic partnership between the shareholders of Eltrona and Telenet.
Post Luxembourg, a shareholder of Eltrona since 1998, has sold its 34 % stake to Telenet, with the result that after the merger, the founding shareholders will hold 51% of the shares and Telenet 49% of the shares of the merged entity.
SFR-Coditel Luxembourg became a part of Telenet in 2017. The latest move means the SFR brand will disappear in Luxembourg to be replaced by the Eltrona brand.
It’s expected the Eltrona moniker will appear nationwide from June 30.