LuxNetwork Formalises Takeover of Telecom Luxembourg Private Operator

Commerzbank S.A Luxembourg

LuxNetwork has confirmed that, on 24 October, the NomoTech group announced the start of negotiations for exclusive rights for the acquisition of the assets of Telecom Luxembourg Private Operator.

Today LuxNetwork S.A., a Luxembourg company of the group, has announced the global take-over of the activities and the entire staff of Telecom Luxembourg Private Operator, which is now moving into the H2O building in Hespérange.

Luc Lutot, CEO of LuxNetwork S.A., is delighted with the transaction and is keen to reassure all customers and the market, and stated “The continuity of services is already ensured for the greatest satisfaction of customers, thanks to the motivation of the work teams. We will work on the modernisation of the network and the development of new services”.

This acquisition will make LuxNetwork a major player in Luxembourg in the telecommunications sector.

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