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Telenet Group Holding NV M&A Activity 2021
4008_rns_2021-10-28_28cc1e43-e14d-4aa5-b981-44e49e3b806d.pdf
M&A Activity
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PRESS RELEASE
Telenet commences a strategic review of its telecommunications tower business, including a preliminary market assessment, to enhance shareholder value
The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 on the obligations of issuers of financial instruments admitted to trading on a regulated market. Inside information.
Mechelen, October 28, 2021 – Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announces that its board of directors has decided to commence a strategic review of Telenet's telecommunications tower business, including a preliminary market assessment, amidst strong demand for telecommunications infrastructure assets generally and as the case may be broader strategic transactions for the Company.
Telenet operates a nationwide mobile network In Belgium, consisting of 3,311 sites. This includes 2,145 owned sites, of which 37% are towers, and 1,166 third-party sites.
Telenet's board of directors remains fully committed to drive healthy profitable business growth within its portfolio of telecommunications and entertainment services in Belgium and to generate sustainable shareholder value in the future.
Contacts
| Investor Relations: | Rob Goyens | [email protected] | +32 15 333 054 |
|---|---|---|---|
| Bart Boone | [email protected] | +32 15 333 738 | |
| Press & Media: | Stefan Coenjaerts | [email protected] | +32 15 335 006 |
| Legal: | Bart van Sprundel | [email protected] | +32 15 333 495 |
About Telenet — As a provider of entertainment and telecommunication services in Belgium, Telenet Group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels. Under the brand name BASE, it supplies mobile telephony in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant. Telenet Group is part of Telenet Group Holding NV and is quoted on Euronext Brussel under ticker symbol TNET. For more information, visit www.telenet.be. Liberty Global – one of the world's leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution – owns a direct stake of 58.3% in Telenet Group Holding NV (excluding any treasury shares held by the latter from time to time).
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Additional Information — Additional information on Telenet and its products can be obtained from the Company's website http://www.telenet.be. Further information regarding the operating and financial data presented herein can be downloaded from the investor relations pages of this website. The Company's Consolidated Annual Report 2020 as well as unaudited condensed consolidated interim financial statements and presentations related to the financial results for the nine months ended September 30, 2021 have been made available on the investor relations pages of the Company's website (http://investors.telenet.be).
This document has been released on October 28, 2021 at 7:00 am CET