Luxembourg, February 2014: M7 Group S.A.,the Luxembourg-based European TV provider, announced that it hasacquired all Online.nl customers from Euronet CommunicationsB.V.
With the acquisition M7 strongly improves its position in the Dutch market for fixed line Triple Play services (Internet,Telephony and TV). M7 aims to leverage its strong position as a high quality TV supplier in the Triple Play market. M7 will continue to use both Online.nl and CanalDigitaal brands.
Euronet is one of the oldest ISP's in the Netherlands. It was acquired by T-Mobile in 2007 after the takeover of Orange by Deutsche Telekom. At the time the provider operated under the brandname Wanadoo.
Marco Visser, CEO of M7 Group states: "We are very pleased with the acquisition of this customer base. It will strongly improve our ability to roll out fixed line internet and telephony services. It also gives us the opportunity to market our fixed line services under a separate brand name ("Online.nl") from our satellite services ("CanalDigitaal").
Note for the press (not for publication)
For further information please contact M7 Group at tel. +352 260961 00 or via firstname.lastname@example.org.
About M7 Group
M7 Group SA was established in October 2009 in the Grand-Duchy of Luxembourg and is the European Provider of Satellite Services for consumers and business customers. M7 Group operates the following brands: CanalDigitaal and Online.nl in the Netherlands,TV VLAANDEREN in Flanders and TéléSAT in French speaking Belgium,AustriaSat in Austria and Hungary (via its subsidiary, M70 Group Kft.) and CS Link and Skylink for the Czech and Slovak market. All brands offer tailor made packages for clients adapted to the local culture and language in these countries. Today, M7 Group SA has more than 3 million customers who use a small Satellite dish to receive hundreds of Digital national and international TV and RadioChannels. Since 2011, M7 Group SA also provides Internet and VOIP services to their customers in The Netherlands and Flanders.
CanalDigitaal is a trademark of M7 Groups S.A. and Online.nl, TV VLAANDEREN, TéléSAT, AustriaSat, CS Link and Skylink are trademarks used under license by M7 Group S.A. | Registered seat: Rue Albert Borschette 2, L-1246 Luxembourg | R.C.S. Luxembourg : B 148.073 |Business permit n° 00143760/1
AustriaSat is a trademark used under license by M70 Group Kft. Formore information, visit www.austriasat.hu.