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Altice to sell Belgium, Luxembourg unit to Telenet

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Staff Writer | December 22, 2016
Altice has entered into an agreement to sell its Belgium and Luxembourg business, Coditel Brabant sprl, to Telenet Group BVBA, a direct subsidiary of Telenet Group Holding NV.
Telenet
Acquisition   An enterprise value of 400 million euros
The transaction values the business at an enterprise value of 400 million euros.

In addition, Altice Group will provide transitional services. The transaction will be subject to regulatory review by the Belgian authorities.


 

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