Numericable attempts to muscle in on BruTele in Brussels

18 Sep 2013

Belgian cable operator Numericable has made a takeover offer for the networks owned by its rival BruTele in six municipalities in Brussels and Charleroi, Le Soir reports. The projected deal is valued at EUR65.0 million (USD86.8 million), and represents a major breakthrough for Numericable. In recent years the two parties have opened up a dialogue over possible network consolidation in the French-speaking parts of Belgium, but a formal tie-up is believed to have been complicated by BruTele’s existing joint venture, VOO. The latter was formed in April 2006 through the merger of BruTele and Liege-based ALE-Teledis, which is now known as TECTEO.

TeleGeography notes that the development coincides with a flurry of M&A activity from Numericable owner, Luxembourg-based Altice Group. The telecoms investment group, which was founded by Frenchman Patrick Drahi, specialises in the acquisition of cablecos. This year Altice has completed tie-ups for Oni Communications (Portugal, EUR83 million) and Outremer Telecom (Martinique, Guadeloupe, French Guiana, Reunion and Mayotte). Last February the company acquired Portugal’s Cabovisao for EUR45 million, and also counts subsidiaries in Luxembourg (Numericable), Israel (HOT Telecommunications Systems) and Guadeloupe and Martinique (Le Cable).

Belgium, Altice Europe (formerly Altice Group), SFR Belgium (formerly Numericable), VOO