Telenet hints at 2005 listing

25 Nov 2003

Telenet, which offers TV, telephony and internet access services in the Flanders region of Belgium, has said it could initiate a stock market listing by 2005 to take advantage of the market’s renewed appetite for telecoms shares. However, prior to any such move, the company would have to start paying off its debt; it plans to do so in 2004. Telenet has around 400,000 broadband internet customers and a further 270,000 telephony accounts.