Liberty Global has strategically increased its shareholding in Belgium’s Telenet to 93.23%, investing an estimated €763 million. This move intensifies Liberty Global’s pursuit of full ownership, enhancing their position in a dynamically changing communication market. They are now prepped to reopen the tender offer, inviting more shareholders to participate. This could result in Liberty Global’s complete acquisition of Telenet, provided some conditions are met, illuminating growth opportunities amidst increasing competition.
Wyre, the newly rebranded joint venture between Telenet and Fluvius, gears up for next month’s network rollout with a focus on upgrading hybrid fiber-coaxial networks to fiber-to-the-home, aiming for 78% footprint expansion in Flanders by 2038.
BT partners with Kyndryl for cloud migration of legacy mainframe apps BT has collaborated with Kyndryl to migrate its mainframe applications that underpin its legacy copper business and broadband cloud offerings. BT Digital, the division in charge of the company’s digital transformation, estimates that by 2026, the transfer will have reduced mainframe operational costs and energy usage by 70%. This will result in estimated annual savings of $23 million. The company’s cloud move will allow it to serve a smaller number of clients who still utilize their copper network and will enable BT to extract more value from the data housed in its older applications. Read more at: https://tinyurl.com/5t48r8hj Orange and Telenet wholesale deal gives hope of VOO acquisition approval Orange had planned to buy a 75% share in the Belgian operator VOO in 2021, but the company struggled to persuade authorities that the transaction would not hurt competition. A…
BT putting its digital voice service rollout on halt Last year, BT began rolling out Digital Voice, which is a VoIP solution that works over the company’s broadband network rather than the old analogue network, as the name implies. This service is an essential improvement, as BT points out, to replace analogue technology, which is rapidly becoming outmoded. The operator is, however, delaying the Digital Voice switchover for consumers who do not wish to switch right away. BT did not specify how long the halt will occur, nonetheless, it is confident that the switchover will take place soon. Read more at: https://tinyurl.com/mt23py8u DigitalBridge enters into mobile infrastructure deal with Telenet Telenet has agreed to sell all of its mobile telecommunications towers in Belgium to DigitalBridge, a US-based real estate investment trust and a subsidiary of the DigitalBridge Group. The investment firm has agreed to pay $820 million for Telenet’s 3,322…