Telenet near to IPO

21 Sep 2005

Shareholders in Belgian cableco Telenet yesterday approved plans for an initial public offering (IPO) that is expected to value the operator at around EUR2.5 billion. Telenet aims to use the float to raise funds for expansion and to pay off debts. It is expected to price the IPO before the end of this month, with a listing likely to take place by mid-October.

Belgium, Telenet (incl. BASE)