Telenet prices IPO

26 Sep 2005

Belgian cable operator Telenet yesterday set the pricing for its initial public offering (IPO), due to be launched early next month. Telenet hopes to raise nearly EUR1.3 billion to reduce its EUR1.5 billion debt pile, by floating just under 50% of its stock at between EUR21 and EUR25.50 per share. Belgian local municipal companies hold a 34% stake in Telenet; other shareholders include US-owned Liberty Global with 21.4%.

Belgium, Telenet (incl. BASE)