Belgacom’s latest appeal against Interkabel sale dismissed

26 Oct 2010

Belgacom, Belgium’s incumbent fixed line operator, has had its latest appeal against rival Telenet’s acquisition of Flanders-based cableco Interkabel rejected, ZDNet Belgie reports. Belgacom had objected to the sale as it had wanted to submit a bid for the operator, but had been unable to do so due to the lack of an open sales process, but the country’s Supreme Court has ruled that this was not considered unlawful and dismissed the appeal.

According to TeleGeography’s GlobalComms Database, in November 2007 November, the four municipal cable networks of Interkabel (Integan, Intermedia, PBE and WVEM) signed an agreement-in-principle to sell their analogue and digital TV businesses to Telenet. Under the deal, Telenet initially agreed to pay EUR170 million (USD238 million) for the right to run the TV businesses for a period of 38 years, in addition to an annual fee, but following interest from Belgacom the overall value of the deal rose to EUR427 million.

Belgium, Proximus, Telenet (incl. BASE)