| 
On 21 February 2001, Callahan Associates (now Cable Partners)
announced its acquisition of Telenet with the right to increase
its stake further. Cable Partners subsequently sold this
interest to Liberty Media International. Telenet provides
point-to-point telephony, broadband Internet access and
multimedia services in the Flanders region of Belgium. Flanders
has nearly six million inhabitants, or 58 percent of the
country's population, and has one of the highest population
densities in all of Europe.
Telenet provides these services on an exclusive basis over the CATV
networks of Flemish cable companies, which pass 2.5 million
homes and have 2.2 million subscribers. By the end of 2000,
the CATV networks to 1.5 million households (85 per cent
of all households) in Flanders had been technically upgraded
and 1.6 million households were ready for Telenet's commercial services (66 per cent of all households).
As of March 2002, 211,000 telephone and 201,000 Internet
lines were operational. Almost 50% of Telenet
customers have also acquired broadband Internet access.
Telenet provides its services through the cable networks of 16 Intermunicipalities, which are connected by a synchronous
digital hierarchy (SDH) fiber optic backbone owned by Telenet. The Intermunicipalities
are partnerships composed of, normally, contiguous municipalities
for a common purpose, e.g. the provision of water, electricity
and CATV.
In addition to its acquisition of Telenet,
Cable Partners has acquired the cable TV activities of the
ten mixed intercommunales (local municipalities).
Cable
Partners has successfully concluded negotiations for the
sale of its stake in Telenet to Liberty Media International.
Link
to Telenet website
|
