Belgian cablecos Telenet and Voo are holding serious talks to acquire French rival Numericable’s assets in Belgium and Luxembourg, according to reports translating local paper De Tijd.
Private equity firms also reportedly submitted indicative bids for…
Belgian cablecos Telenet and Voo are holding serious talks to acquire French rival Numericable’s assets in Belgium and Luxembourg, according to reports translating local paper De Tijd.
Private equity firms also reportedly submitted indicative bids for its operations, which are valued at E300m-E350m according to banker estimates. The original deadline was 24 February.
In a separate report, Duco Sickinghe, CEO of Telenet, which operates in Flanders and Brussels, is cited by Le Soir welcoming opportunities to partner with Walloon-focused VOO to cover more of the country.
However, Sickinghe did not specify whether such partnerships could include a joint bid in private equity-backed Numericable’s sale.
Rothschild has been appointed to run the auction, and other potential candidates could logically include Apax France, Advent and Barclays Private Equity.
Telenet was unable to comment before the press deadline.
