You will be redirected back to your article in seconds

Gallic telco to buy Dutch cabler Casema

France Telecom will pay $850 mil for Holland's second-largest outfit

AMSTERDAM — France Telecom has agreed to pay $850 million to acquire Casema, which at 1.1 million connections is Holland’s second-biggest cable company.

The transaction is expected to be completed in the next few days, according to a spokesman from Dutch telecom and postal group KPN, which owns Casema.

KPN was ordered by the Dutch government nearly a year ago to reduce its 77% share in Casema to 20% if it wanted to be a candidate for a telephony license. It has chosen instead to sell up.

France Telecom also is in the running for a telephony license in Holland and its ownership of Casema is likely to make it KPN’s strongest competitor.

Casema was the largest cable company in Holland until mid-November, when UPC (United & Philips Communications) Nederland inked an agreement to merge with Telekabel, a subsidiary of Dutch energy company Nuon, to create United Telekabel Holding, which boasts 1.3 million subscribers.

More TV

  • 'Seven Seconds' TV show premiere

    Regina King Talks Heaviness of Role in 'Seven Seconds'

    AMSTERDAM — France Telecom has agreed to pay $850 million to acquire Casema, which at 1.1 million connections is Holland’s second-biggest cable company. The transaction is expected to be completed in the next few days, according to a spokesman from Dutch telecom and postal group KPN, which owns Casema. KPN was ordered by the Dutch […]

  • John Oliver Lawsuit Dismissed: 'Last Week

    John Oliver Victorious: Coal CEO's Defamation Suit Dismissed

    AMSTERDAM — France Telecom has agreed to pay $850 million to acquire Casema, which at 1.1 million connections is Holland’s second-biggest cable company. The transaction is expected to be completed in the next few days, according to a spokesman from Dutch telecom and postal group KPN, which owns Casema. KPN was ordered by the Dutch […]

  • Baz Luhrmann

    Olympic Figure Skating Revives 'Moulin Rouge' and Baz Luhrmann Is Loving It (EXCLUSIVE)

    AMSTERDAM — France Telecom has agreed to pay $850 million to acquire Casema, which at 1.1 million connections is Holland’s second-biggest cable company. The transaction is expected to be completed in the next few days, according to a spokesman from Dutch telecom and postal group KPN, which owns Casema. KPN was ordered by the Dutch […]

  • UnReal Athena Film Festival

    How Trump Beating Clinton Impacted the Gender Politics of 'UnReal' Season 3

    AMSTERDAM — France Telecom has agreed to pay $850 million to acquire Casema, which at 1.1 million connections is Holland’s second-biggest cable company. The transaction is expected to be completed in the next few days, according to a spokesman from Dutch telecom and postal group KPN, which owns Casema. KPN was ordered by the Dutch […]

  • Nanette Fabray Broadway?s First Lady, Nanette

    Nanette Fabray, TV Star of the '50s and '60s, Dies at 97

    AMSTERDAM — France Telecom has agreed to pay $850 million to acquire Casema, which at 1.1 million connections is Holland’s second-biggest cable company. The transaction is expected to be completed in the next few days, according to a spokesman from Dutch telecom and postal group KPN, which owns Casema. KPN was ordered by the Dutch […]

More From Our Brands

Access exclusive content