Interkabel bought by Telenet

28 Nov 2007

According to Broadband TV, the four municipal cable networks which make up Interkabel have signed an agreement to sell their analogue and digital TV businesses to Telenet. All four networks – Integan, Intermedia, PBE and WVEM – are based in Flanders and serve a total of 800,000 homes. Telenet will pay EUR170 million (USD252 million) for the right to run the TV businesses for a period of 38 years. On top of that, it will pay an annual fee for the use of the cable networks, which remain owned by the cities. The transfer signals the end of an ongoing legal battle between Telenet and Interkabel about the rollout of interactive digital services on the Interkabel networks. The acquisition means that Telenet will serve all of Flanders’ 2.5 million homes. Telenet will start to roll out its interactive digital TV service IDT to the whole Interkabel footprint during 2008. The existing digital In-Di customers will be able to continue to keep their subscription.

Belgium, Telenet (incl. BASE)