Telenet Group NV has completed the sale of its entire shareholding in Caviar Group, marking a further sharpening of its strategic focus on the Flemish media ecosystem and digital innovation.
The transaction was completed on 30 December 2025.
The divestment follows a reassessment of Telenet’s media and entertainment strategy. While Caviar has grown into an internationally oriented content producer, Telenet has opted to concentrate its capital and management attention on locally relevant media initiatives in Flanders.
According to Telenet, the international expansion required to support Caviar’s next growth phase no longer fits within that strategic direction, despite the group’s continued involvement in local content production.
New ownership structure
Following the transaction, Caviar is now owned by its founders Bert Hamelinck, Mathias Coppens and Michael Sagol, alongside Axio Together Fund and entrepreneur Jurgen Ingels. The revised shareholder structure is designed to support Caviar’s ambition to accelerate its international scale-up while maintaining creative autonomy.
Strategic implications
Telenet will now deploy its resources more explicitly toward projects with strong local relevance for Flemish viewers and customers. The group believes this sharper focus will strengthen the sustainability and creativity of the local media landscape, while allowing it to respond more quickly to changing audience preferences and technological developments.
John Porter, CEO of Telenet Group, emphasised that the relationship with Caviar extended well beyond financial participation. He noted that the sale allows Telenet to reinforce its focus on Flemish storytelling and digital innovation, while giving Caviar the freedom to pursue international growth. Telenet indicated it remains open to future collaborations with Caviar where these contribute to compelling local content and viewer experience.
Caviar CEO Bert Hamelinck said the new ownership structure, with strong management participation, provides a solid foundation to further execute the group’s international ambitions. He confirmed that Caviar will continue to invest in high-quality content, talent development and international partnerships, with the aim of creating stories that resonate both locally and globally.
While financial details of the transaction were not disclosed, the deal represents a clean exit for Telenet and a strategic reset for both parties, aligning ownership with long-term strategic priorities rather than minority portfolio investments.
READ ALSO: "Madman in America creates opportunity for Europe to become a true single market"
