France's Orange aims to add Belgian fixed line through VOO deal

France's Orange aims to add Belgian fixed line through VOO deal

France's Orange aims to add Belgian fixed line through VOO deal

Information about France's Orange aims to add Belgian fixed line through VOO deal

Kevin David Scam or Legit


By Mathieu Rosemain and Sudip Kar-Gupta
PARIS (Reuters) -Orange, France’s largest telecoms operator, set out a shift into Belgium’s fixed line business on Tuesday, with plans to buy a majority stake in VOO SA in a deal valuing the firm at 1.8 billion euros ($2 billion).
The move illustrates Orange’s strategy of being able to deliver ‘convergent offers’ in both broadband and mobile to customers in all European countries where it operates and follows a surge in interest in telecoms dealmaking.
The broader sector is seeing an increase in potential M&A, with KKR approaching Telecom Italia about what would be Europe’s biggest ever private equity buyout.
Orange Belgium, its listed Belgian subsidiary, owns its cellular network but has costly contracts with rivals in order to offer broadband services on top of mobile contracts.

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