Telenet would like to pay 1.3 billion Euros to take over the Walloon telecom company VOO. That’s what a Telenet CEO says in an interview with a Walloon newspaper. VOO is not for sale, the owners said recently.
Telenet director John Porter told L’Echo that in addition to the 1.3 billion euros, Telenet would also invest 300 million euros in the telecom operator’s network and also set up an advisory board. That advisory board would consist of politicians. Telenet had such advice in Flanders, but the company lifted it some time ago. This board ensures that Walloon politicians continue to retain control over the course of the company after the acquisition.
The owners of VOO, Brussels Brutélé and Liege Nethys recently said that VOO is not for sale. This happened in response to an approach by Orange Belgium. Orange did not mention a possible acquisition amount.
If a takeover does not succeed, Telenet may want to lease the network of VOO. The Walloon company has not yet responded to Porter’s statements. Telenet wants to gain a stronger position in the French-speaking part of Belgium with the acquisition of VOO. Both companies already have a relationship. VOO customers call mobile via Telenet’s GSM network.
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