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

  • ABC Panel - Roseanne

    Roseanne Barr Talks ABC Firing in Emotional Interview: 'I Definitely Feel Remorse'

    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 […]

  • Univision logo

    Univision, Dish Spar Over Potential Blackout as Contract Deadline Looms

    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 […]

  • DISNEY CHANNEL PRESENTS THE 2018 RADIO

    Janet Jackson, Kelly Clarkson, Carrie Underwood Honored at Radio Disney Music Awards

    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 […]

  • Harry Kane of England celebrates scoring

    World Cup Live-Stream: How to Watch England vs. Panama

    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 […]

  • No Merchandising. Editorial Use Only. No

    'Portlandia': Fred Armisen and Carrie Brownstein Pick Their Proudest Musical Moments

    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 […]

  • NANTUCKET, MA - JUNE 23: (L-R)

    How Long Will TV and Film's Boom Market for Female Stories Last?

    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 […]

  • Actors Kit Harington and Rose Leslie

    'Game of Thrones' Stars Rose Leslie and Kit Harington Married in Scotland

    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