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Telenet buying Altice's units in Belgium, Luxembourg

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Telenet buying Altice's units in Belgium, Luxembourg

Liberty Global plc unit Telenet is acquiring Coditel Brabant SPRL, Altice NV's Belgium and Luxembourg businesses operating under the SFR brand, for €400 million on a cash and debt-free basis, the companies said Dec. 22.

Under terms of the deal, Telenet unit Telenet Group BVBA will acquire Coditel Brabant, also dubbed SFR BeLux, from Altice unit Coditel Holding SA. The deal will allow Telenet to cover about two-thirds of Brussels and expand its cable operations to parts of Wallonia and Luxembourg. The deal is subject to Belgian antitrust approval.

Telenet previously completed the acquisition of mobile operator BASE from KPN NV in February.