Telenet to acquire an additional stake in Caviar Group.

Telenet, a provider of media, telecommunications and entertainment services, agreed to acquire an additional stake in Caviar Group, an entertainment company. Financial terms were not disclosed. "We absolutely believe in the continued growth of Caviar. We found each other a year and a half ago in a shared vision of the international potential of our local talent and content. Caviar has a proven track record in creating content that also scores well internationally. We have been impressed by their results over the past 18 months and robust pipeline going forward. This helped us decide to increase our stake in the company to 70%," John Porter, Telenet CEO.