Telenet Postpones Debt Deal as Markets Fret Over Fiber Plans

Telenet Group Holding NV has postponed plans to issue bonds and loans worth €1.95 billion ($2.3 billion) to refinance existing debt amid volatile markets and investor concern over its new corporate structure.

The company, owned by telecoms giant Liberty Global, told investors on Friday that it has decided to “temporarily postpone” the refinancing exercise, according to a person familiar with the transaction who asked to remain unnamed. The dual-currency deal would have seen Telenet issue $1.48-billion equivalent of bonds and about $836 million-equivalent of loans.