NETGEM: Netgem finalizes the sale of its Fiber France business to Nordnet – 03/20/2023 at 08:00


Paris and Villeneuve d’Ascq, March 20, 2023,

Following the conclusion of the sale agreement announced on February 10, Netgem and Nordnet confirm the finalization of this sale with effect from April 1, 2023.

The transfer to Nordnet of the 10,000 subscribers to the Fiber Videofutur offer will be carried out in compliance with the technical and contractual conditions from which they have benefited until now, with no impact in particular on the price of the subscription and the associated services, in particular the television service operated by Netgem

.

Subscribers will also be able to be offered additional services at a later stage thanks to the recognized expertise in this area of ​​Nordnet, an access provider for more than 25 years and a subsidiary of the Orange group.

Mathias HAUTEFORT, Managing Director of Netgem, declares

“We are pleased to have finalized this transaction, which is directly in line with the execution of our strategy to refocus on our core business, with Nordnet, with whom we are thus strengthening our long-term partnership.

.

I am convinced that Nordnet is an excellent solution for our subscribers, whom I sincerely thank for the trust they have shown in us. »

Jean-François BRAEMS, Chairman and CEO of Nordnet, declares: “

I am delighted that Netgem is entrusting us with the Internet Access activity operated until now under the La Fiber Videofutur brand. Nordnet teams are already hard at work to welcome customers in the best possible conditions. The continuity of their service will be ensured thanks to the seriousness of Netgem. This relationship of trust will allow us to offer a seamless experience, so that all customers continue to benefit from their Internet connection and quality services. »

Netgem contacts

Investor and Analyst Relations


Bertrand SOLEIL

[email protected]

+33 (0)6 23 31 06 53

Press relations


Patricia OUAKI

[email protected]

+33 (0)1 44 40 24 01

Contact Nordnet

Press relations


Léa VANDAELE

[email protected]

+33 (0)3 20 66 55 85

About Netgem

Netgem is the publisher of the digital entertainment service

netgem.tv

which brings together in an integrated experience all the video content, live, on demand or by subscription available on the market, and allows access to them by all family members on mobile screens, PC or TV.

The product

netgem.tv

is distributed, through a network of fixed telecom operators in Europe, under the operator’s brand (B2B2C model) to more than 500,000 subscriber households.

Netgem is listed on Euronext Growth.

(ISIN: FR0004154060, Reuters: ETGM.PA, Bloomberg: ALNTGFP)

About Nordnet

Nordnet (an Orange group company) actively contributes to reducing the digital divide and developing the attractiveness of the territories of metropolitan France. Nordnet, a digital equity activist, is committed to providing each individual or professional with Very High Speed ​​Internet access using the best technology available where they are. Nordnet’s Fiber offers, based on the deployment of optical fiber via the Public Initiative Networks, are already available in nearly 18,000 municipalities with fiber in 72 departments. Nordnet is also a specialist in Very High Speed ​​Internet connections by Satellite or Radio available throughout France. Making very high-speed Internet accessible to everyone, everywhere, regardless of the available technology, is Nordnet’s commitment.


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Full and original press release in PDF format:

https://www.actusnews.com/news/78965-communique-de-presse-les-abonnes-fibre-videofutur-vont-rejoindre-nordnet.pdf

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