Altamir Amboise invests* in Numericable Belgium/Luxembourg
A consortium comprising APAX PARTNERS, DEFICOM and ALTICE acquires NUMERICABLE’s operations in Belgium and Luxembourg to accelerate their growth
Paris, July 1st 2011 – APAX PARTNERS, one of France’s leading private equity firms, and DEFICOM TELECOM, a Luxembourg company comprising DEFICOM and ALTICE, have acquired the Belgian and Luxembourg operations of cable network operator
NUMERICABLE.
Numericable Belgium/Luxembourg is the leading cable operator in the Brussels region
(approximately 110,000 subscribers) and boasts 25% of the Luxembourg market
(approximately 30,000 subscribers). Its share capital is now owned by the funds managed by APAX PARTNERS (40%), ALTICE (40%) and DEFICOM (20%).
Numericable Belgium/Luxembourg has developed an attractive range of Triple Play offers combining powerful broadband Internet access, a wide digital TV offer (250 channels) and fixed-line telephony. It stands out due to its numerous innovations, and was a pioneer in superfast broadband, VOD, HD, unlimited calls and 3D TV on its networks.
APAX PARTNERS, DEFICOM and ALTICE aim to accelerate the operator’s growth in both countries, building on its Triple Play offer to win new subscribers. It could also play an active role in the consolidation of the sector, which remains highly fragmented at the local level.
Pascal Dormal, Managing Director of Numericable Belgium/Luxembourg, said: « I am looking forward to embarking on a new partnership with ambitious and complementary shareholders. Numericable Belgium/Luxembourg’s new shareholders provide not only a deep understanding of the telecom and cable businesses, but also local roots for the company and growth prospects in association with other local players. Apax Partners, in particular, is a quality private equity investor, highly focused on its investments.
Apax Partners shares the same vision as Numericable Belgium/Luxembourg in respect of the development of Triple Play services and its desire for acquisition -led growth, particularly in Luxembourg. »
* through the Apax Funds 1

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