Telenet has announced the agreement to acquire all remaining shares of Eltrona in Luxembourg, Belgium.

The portfolio includes, Eltrona's founding shareholders obtaining 50 % +1 of the shares and Telenet 50 % -1 of the shares of the merged entity. ​

Eltrona has around 50,000 unique customer relationships, serving approximately 46,000 cable and/or IPTV subscribers, around 16,000 broadband internet RGUs, approximately 8,000 fixed-line telephony subscribers and around 2,000 mobile SIMs.

Through this transaction, Telenet will take full ownership of a telecom company outside of Belgium. The transaction is expected to be finalized in January 2023.