Netgem to complete sale of Videofutur on April 1

Technology and service provider Netgem will complete the sale of its French Videofutur service provider arm to Orange affiliate Nordnet on April 1 following finalisation of a deal between the pair in February.

Mathias Hautefort

The agreement will give Nordnet the 10,000 homes served via fibre by Videofutur in France. The pair said there would be no impact on the subscription price and services delivered to Videofutur customers, particularly the TV service operated by Netgem, which will continue.

Subscribers will also be able to take advantage of other services offered by Nordnet, which has provided access network services for 25 years.

“We are happy to have finalised this operation, which is is line with the execution of our strategy of refocusing on our core competency, with the Nordnet company, with which we are therefore reinforcing our long-term partnership. I am convinced that Nordnet constitutes an excellent solution for our subscribers, whom I thank deeply for the confidence they have shown in us,” said Netgem CEO Mathias Hautefort.

“I am delighted that Netgem has entrusted us with the internet access activity operated until now under the Videofutur brand. Nordnet’s teams are already at work to welcome its customers in the best way. The continuity of their service will be assured thanks to the serious work undertaken by Netgem. This 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,” said Jean-François Braems, CEO of Nordnet.