Netgem completes sale of Fibre France business to Nordnet

Monday, March 20th, 2023 
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Netgem completes the sale of its Fibre France business to Nordnet

PARIS and VILLENEUVE D’ASCQ — Following the sale agreement announced on February 10th, Netgem and Nordnet have confirmed that the closing of the sale with take effect from 1st April 2023. The transfer to Nordnet of the 10,000 subscribers to the Videofutur Fibre offer will be carried out in accordance with the technical and contractual conditions from which they have benefited up to now, without any impact on the subscription price and associated services, in particular the television service operated by Netgem. Subscribers will also be able to benefit from additional services at a later stage thanks to the Nordnet’s expertise, an access provider for over 25 years and subsidiary of the Orange group.

Mathias HAUTEFORT, CEO of Netgem, said: “We are pleased to have finalised this transaction with Nordnet, which is directly in line with our strategy of refocusing on our core business, and pleased to extend the existing relationship with Nordnet into a long-term partnership. I am convinced that Nordnet is an excellent solution for our subscribers, and I would like to thank them for the trust they have shown in us.”

Jean-François BRAEMS, Chairman and CEO of Nordnet, said: “I am delighted that Netgem has entrusted us with the Internet Access business previously operated under the La Fibre Videofutur brand. Nordnet’s teams are already hard at work to welcome customers in the best conditions. The continuity of their service will be guaranteed thanks to Netgem’s reliability. This relationship of trust will enable us to offer a seamless experience, so that all customers continue to benefit from their Internet connection and high quality services.”

Links: Netgem; Nordnet