Telenet looking to woo VOO

16 Apr 2018

In an interview with L’Echo, Telenet CEO John Porter has said that ‘Telenet is the best possible partner for VOO’, writes De Tijd. There has been growing takeover speculation surrounding VOO, a company formed in April 2006, a partnership between Brussels-based cableco BruTele and Wallonia utility firm Nethys (formerly Tecteo). As previously reported by TeleGeography’s CommsUpdate, Orange Belgium expressed its interest in acquiring VOO last week and has reportedly advocated an ‘industrial partnership’ with Nethys and BruTele, with such a merger potentially leading to the creation of a national convergent telecoms operator.

Now, however, Telenet has expressed its interest in acquiring VOO’s Wallonia operations in a meeting with the company’s board. Porter stated that Telenet would invest EUR300 million (USD369.8 million) in content and infrastructure in the Wallonia (Nethys) area and values a buyout of Nethys’ share at EUR1 billion-EUR1.3 billion. The valuation does not include the Brussels-based BruTele, whose share in VOO is valued at around EUR300 million. Telenet is reportedly considering other options to a full takeover of VOO, including leasing the Wallonia network, as Telenet already does in parts of Flanders. Nethys has stated that VOO is not for sale at this time.

Belgium, Telenet (incl. BASE), VOO