Orange Belgium Receives EC Approval for Voo Takeover

The approval from European Commission (EC) validates the commitments of Orange Belgium and Telnet and would facilitate the company to move forward with the acquisition of Voo Belgium. Orange Belgium is one of the major telecommunication operators in the Belgian market, with over 3 million customers.

Highlights

  • Orange agreed to acquire 75% minus one share of regional quad-play services operator VOO in late 2021.
  • The commitments of Orange Belgium fully address the competition concerns identified by the European Commission.
  • Orange Belgium welcomes the decision of the European Commission.

Follow Us

Orange Belgium Receives EC Approval for Voo Takeover

The European Commission on Monday approved the acquisition of 75% of capital less one share of Voo by Orange Belgium after a thorough competitive assessment. Orange Belgium and Telenet announced in January 2023 that two commercial fixed wholesale agreements had been signed, with the condition that they would come into effect once the transaction regarding the purchase of 75% minus one share of VOO by Orange Belgium had been completed. The agreements will provide access to each other's fixed networks for 15 years and cover both current Hybrid Fiber Coaxial and future Fiber to the Home technologies in both network areas.




Also Read: Orange Belgium and Telenet Sign 15 Year Agreement for Fixed Networks

European Commission Approval

The approval from European Commission (EC) validates the commitments of Orange Belgium and Telnet and would facilitate the company to move forward with the acquisition of Voo Belgium.

The European Commission stated that "These commitments fully address the competition concerns identified by the European Commission. It therefore concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns."

Orange Belgium is in the final phase of the transaction towards the closure expected to occur by the end of Q2 2023. Orange Belgium, in its statement, said, "After more than 25 years of Orange's presence in Belgium, the acquisition of VOO is a major step and will enable us to operate a very high-speed network in Wallonia and part of Brussels, thereby reinforcing the deployment of our convergent multigigabit strategy at a national level. Our ambitious investment plan, in combination with VOO's and Orange's skills and expertise, will strengthen the quality of our offers to the customers and ensure competitiveness in the Walloon and Brussels regions."

Also Read: VOO Announces Expansion of Gigabit Connectivity to Namur

Voo Gigabit Connectivity Expansion

Voo announced Gigabit connectivity expansion to Namur in February. As a result, customers in Namur can enjoy internet speeds of up to 1 Gbps. Voo claims this expansion is part of its Giga connectivity aspirations to half of the households in Wallonia and everywhere in Brussels by the end of 2023. Voo's Giga connectivity would soon be expanded to other municipalities.

Orange Belgium, a subsidiary of Orange, is one of the major telecommunication operators in the Belgian market, with over 3 million customers.

Reported By

Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Recent Comments

Samrat Gupta :

Great analogy. ??? However Airtel still provides the cheapest monthly plan with unlimited voice call and 2 gb Data for…

Jio, Airtel, Vi Minimum Recharge to Keep Validity after Tariff…

Amit Madan :

Very disappointing. Nothing happening in favor of middle class people. More people now will migrate to OTT or Free Dish…

TRAI Removes NCF Ceiling for DPOs, Announces Amendments to Boost…

Tanay Singh Thakur :

Interesting, thanks for sharing!

Vodafone Idea Amazon Prime Prepaid Packs after Tariff Hike, Details…

Karthik Anand :

904 plan still continuing in Tamil Nadu circle

Vodafone Idea Amazon Prime Prepaid Packs after Tariff Hike, Details…

Bharath Raj S :

Anyone's developer options network speed limit is working? While current 2g keypad calling users plan price is equal to 4g…

BREAKING: Reliance Jio Removes Base Rs 149 and Rs 179…

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments