By Frances Robinson
BRUSSELS--Telenet Group Holding NV (TNET.BT) named John Porter,
55, chief executive after Duco Sickinghe said Tuesday he is
resigning from the role at the Flemish cable TV operator.
Mr. Sickinghe will be replaced by dual Australian-American
citizen John Porter, who was chief executive of Austar United
Communications Ltd., a leading provider of subscription television
and related products in Australia, until May 2012.
"I love my job and enjoy working at Telenet," Mr. Sickinghe said
in a statement. "In light of recent events, time has come for me to
move on...I believe this to be in the best interest of Telenet and
its future."
The move follows a protracted effort by billionaire
telecommunications pioneer John Malone's Liberty Global Inc.
(LBTYA) to raise its stake in Telenet. The stake currently amounts
to around 58%, after some major investors declined Liberty Global's
bid of 35 euros ($45.30) a share.
Write to Frances Robinson at frances.robinson@dowjones.com
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