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.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading