Altice Group-backed cableco Numericable has acquired smaller Belgian rival Wolu TV for EUR18.0 million (USD19.9 million) from the municipal council of Woluwe-Saint-Lambert. According to local press sources Numericable outbid rival Telenet for the company, while another firm, VOO, opted to sit out the bidding process. The deal was approved on 29 June and Wolu TV has confirmed on its website that it will be rebranded in line with its new owner from 2016. The smaller company currently offers downlink transmission speeds of up to 160Mbps over its networks.
Woluwe-Saint-Lambert is one of the 19 municipalities located in the Brussels-Capital Region of Belgium and Numericable views the acquisition as a good opportunity to expand its reach within the central region.