Paris, 7 July 2020
Netgem announces the acquisition of the assets of Comcable, a local Very High
Speed operator on public initiative networks.
This operation will be carried out via Netgem’s French subsidiary, which will
manage the 3,500 subscribers taken over, and will provide them in particular with
the latest innovations of the VIDEOFUTUR offer such as the multi-screen TV
streaming service myVIDEOFUTUR and the 4K Box.
Comcable’s founder, Philippe Le Gall, joins Netgem’s team to ensure continuity and
brings his expertise in Very High Speed internet access.
For Mathias Hautefort, CEO of Netgem, “This operation allows us to consolidate
our objectives for new subscribers acquisition in 2020 and to offset the commercial
impact linked to confinement measures, while preserving our objectives of
controlling customer acquisition costs, with a cash return on investment within less
than two years”.
Netgem strengthens its positions in Ile-de-France, mainly in the departments of
Seine-et-Marne and Essonne, and also in the Somme, Alsace, Doubs, Manche, the
European Metropolis of Lille, Moselle and Meurthe-et-Moselle, and establishes itself
on the public network of Jura.
Calendar of financial communications
● Results H1 2020 July 31, 2020, before market
● Turnover and Net Revenue Q3 2020 October 21, 2020, before market
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