Orange Belgium Completes The Acquisition Of A 75% Stake Minus 1 Share In Telco Operator VOO SA
By Francois Giudice, Senior Correspondent, France
Orange has announced that Orange Belgium has completed its acquisition of a controlling stake in telco operator, VOO SA. The closing of this deal will give Orange Belgium a 75 per cent stake minus 1 share in VOO SA, with the remaining 25 per cent plus one share retained by Nethys.
This transaction values VOO at an enterprise value of €1.8 billion(US$ for 100 per cent of the capital.
Orange Belgium will finance this transaction through an intra-Group loan.
CEO of Orange Belgium, Xavier Pichon comments: “For decades, we developed our telecom skills and pioneering spirit to challenge the market, but as from today, we have the industrial power, tech means and commercial scale to accelerate and Lead the Future of the Belgian telco market in the interest of all consumers, employees and society in general.”
CEO Orange Europe, Mari-Noëlle Jégo-Laveissière commented: “Today’s closing of our acquisition of VOO marks an important milestone – emboldening our convergence ambitions in Belgium. Convergence in Europe has proven to be key to our leadership in Europe and demonstrates how Orange’s new strategy, Lead the Future, will continue to meet the digital needs that our customers in Europe demand”.
