The European Commission has approved the acquisition of 75% of the capital less one share of VOO SA and Brutélé by Orange Belgium.
Orange Belgium has already made commitments, it is included in the company's business plan. The approval from the European Commission allows Orange Belgium to move forward with the acquisition of VOO and Brutélé. The European Commission has said that the proposed deal will no longer cause competition issues, as Orange has committed to giving Telenet for at least 10 years access to VOO and Brutelé's fixed network infrastructure and Orange's future Fiber-to-the-Premises network (FTTP). The acquisition of VOO and Brutélé will enable the management of a high-speed network in Wallonia and part of Brussels, thereby strengthening the deployment of Orange's strategy of converged multi-gigabit networks.
Orange Belgium announces the final stage of the buyout of companies' capital. The transaction will close by the end of Q2 of 2023.
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