Belgium’s largest cable operator Telenet has revealed plans to take on up to €700 million in debt and use the money to buy back shares.

“Telenet … intends to implement a shareholder remuneration policy consisting mainly of share repurchases…..Telenet believes that the combination of the adjustment to the capital structure and the revised shareholder remuneration will allow for a more efficient balance sheet.”

The company added it does not see itself making any major acquisitions in the foreseeable future.

Other posts by :

1. Report: LEO build-out accelerates
2. Analysis: Impact of AT&T on US telcos and cable
3. Bezos rocket production boosted
4. Musk delays Moon landing until 2027
5. Hughes Satellite facing cash crunch
6. Major banks support AST SpaceMobile
7. Fitch downgrades DirecTV debt
8. BBC: You’ll miss me when I’m gone
9. Some new US Starlink subs face $1,000 start-up fee

Categories: Articles, Business, Cable, Funding