Telenet, a privately owned company headquartered in Belgium, is a subsidiary of Liberty Global and a tier 1 media tech buyer, with Eltrona as a subsidiary. Founded in 1996, it has an estimated 3,920 employees and reported $3.1B in revenue as of 2024. The company specializes in telecoms, functioning as a service provider for media, telecommunications, and entertainment.
On August 19, 2026, Telenet sold The Park, its virtual reality entertainment operator, to a holding company controlled by founder Philippe De Schutter, who returns as its owner and leader. The deal, completed in June and made public on August 19, involved the chain of VR amusement arcades, which De Schutter noted was not yet profitable. Previously, on July 28, the Belgian Competition Authority (BCA) approved a proposed fiber partnership between Fiberklaar, a Proximus affiliate, and Wyre, Telenet's network builder. This approval enables the companies to collaborate on accelerating the rollout of fiber networks across large suburban areas of Flanders, Belgium. This development followed the BCA's closure of its investigation into the proposed cooperation on July 23, 2026, by making the parties’ commitments binding rather than prohibiting or clearing the arrangement outright.
Telenet offers 7 products in the media and telecoms services industry. Telenet's product portfolio comprises of telecoms, media and TV services and consumer electronics.
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Telenet's revenues were over $1B in 2024. Caretta Research has split Telenet's revenue into 6 different product categories, the largest of which is mobile services. For full access to Telenet's revenue breakdown subscribe to Caretta Portal.
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Telenet currently holds 30 broadcasting rights for sports competitions including field hockey, padel and pickleball, cyclo-cross, motorsports, golf, soccer | association football, tennis and rugby union.
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