Luxembourg, 9 October 2017 – M7 Group has acquired Fiber Netherland and Stipte. The deal will not bring about any noticeable changes for the customers of Fiber Nederland and Stipte.
For Fiber NL, the deal includes all business activities and working staff. No financial details were disclosed.
The takeover took place on 28 September. The companies will be merged with Online, Fiber NL told Telecompaper, adding that the increased scale will lead to purchasing benefits. Stipte was acquired in January 2016 by Fiber NL, a company set up by Oxxio founder Martijn Scherpenzeel.
The M7 Group, based in Luxembourg, has in the Netherlands the brands Online and CanalDigitaal. The company has a total of more than 3 million customers, also including brands TV Vlanderen and TeleSAT in Belgium, AustriaSAT and HD Austria in Austria and Skylink in the Czech Republic and Slovakia. M7 had around 160,000 broadband customers through Online.nl at the end of the second quarter. The number of Fiber broadband clients (including Stipte) was estimated at 35,000-40,000
Note for the press (not for publication)
For further information please contact M7 Group at tel. +352 260 961 00 or via email@example.com.
About M7 Group
M7 Group SA, based in Luxembourg, is one of Europe’s largest operators of satellite and IP-based TV platforms. M7 Group uses different brands in different countries: CanalDigitaal and Online.nl in the Netherlands, TV Vlaanderen in Flanders and TéléSAT in French speaking Belgium, AustriaSat/HD Austria in Austria, Skylink for the Czech and Slovak markets and M7 Deutschland in Germany. All brands offer tailor made packages for clients adapted to the local culture and language in these countries. Today, M7 Group SA provides more than 3 million viewers with hundreds of satellite and IP-based radio and television services in digital and HD quality. Since 2011, M7 Group SA also provides broadband and telephony services to its customers in the Netherlands and Belgium. M7 Platform Services provides broadcasters with end-to-end distribution solutions for DTH, cable and IPTV reception. The European private equity firm Astorg is the majority shareholder of the M7 Group, the two other shareholders are Providence and Airbridge. Astorg has offices in London, Paris and Luxembourg. Established in 1983, Astorg became an independent investment management company in 1998 and has since conducted 38 buyout investments. For further information, please visit. www.m7group.eu