Telenet, Belgium
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KEY FACTS - as of March 31, 2008
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Provides video, broadband internet and telephony services |
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Revenue: $374.4 million for the 3 months ended March 31, 2008
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1.9 million homes passed |
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1.7 million video subscribers, of which 438,000 are digital cable subscribers |
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914,000 broadband internet subscribers |
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572,000 telephony subscribers |
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Telenet is the largest cable operator in Belgium with operations in Flanders and the cities of Leuven and Brussels, the capital city.
In December 2006, Liberty Global sold its interest in UPC Belgium to Telenet Group Holding N.V. (“Telenet”), the largest cable operator in Belgium. In a separate transaction, Liberty Global increased its ownership in Telenet to a controlling stake and at March 31, 2007 we owned 31.3%. Since March 2007, Libery Global has, through a combination of option exercises and share purchases, increased its ownership in Telenet to 51.1% as of December 31, 2007, Telenet operates in Flanders and with the acquisition of UPC Belgium, operations were added in Leuven and Brussels, the capital city of Belgium. Telenet offers residential services over its own cable network as well as through long term usage rights on cable networks owned by 3rd parties. All the networks through which Telenet offers residential services have been upgraded to a two- way digital HFC standard. Telenet has direct relationships with all of its internet, telephony and basic and premium cable television customers. Telenet offers voice, data and internet services to its customers though its state-of-the-art fiber backbone which covers all of Belgium and Luxembourg.
Information above is presented as of March 31, 2007, unless otherwise stated.
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