Press release: Orange Belgium welcomes the decision of the European Commission to authorize the acquisition of a majority stake in VOO SA
20 Marzo 2023 - 08:07AM
Press release: Orange Belgium welcomes the decision of the European
Commission to authorize the acquisition of a majority stake in VOO
SA
Press ReleaseBrussels, 20 March 2023
Orange Belgium
welcomes the decision of the European Commission
to authorize
the acquisition of
a majority stake in
VOO SA
The European
Commission has
approved today the
acquisition of 75% of the capital less one share of VOO SA by
Orange Belgium.
This
decision, which
validates the commitments already taken by
Orange Belgium and
that have been integrated in its business
plan, allows the company
to move forward with the acquisition.
The European Commission states 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 pleased that the final phase
of the buyout is now underway towards the closing of the
transaction, expected to take place by the end of Q2 2023.
Xavier Pichon, Chief Executive Officer at Orange
Belgium, comments: “We are thrilled by the decision of the European
Commission. 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.”
About Orange BelgiumOrange Belgium is one of the major
telecommunication operators on the Belgian market, with over 3
million customers, and in Luxembourg, via its subsidiary Orange
Communications Luxembourg.As a convergent player, it provides next
generation connectivity services to residential customers through
multi-gigabits mobile, cable and optic fiber networks, also
relating to the Internet of Things. Its high-performance mobile
network is equipped with the latest technologies and benefits from
continuous investments. As a responsible operator, Orange Belgium
is also investing to reduce its ecological footprint and promote
sustainable and inclusive digital practices.Orange Belgium is a
subsidiary of the Orange Group, one of the main operators in Europe
and Africa for mobile telephony and internet access and a world
leader in telecommunication services for companies.Orange Belgium
is listed on the Brussels Stock Exchange (OBEL).For more
information go to: corporate.orange.be, www.orange.be or follow us
on Twitter: @pressOrangeBe.
Press contactsOrange Groupe: Tom Wright;
tom.wright@orange.com; +33 6 78 91 35 11
Orange Belgium
Press office: press@orange.beAnnelore Marynissen;
annelore.marynissen@orange.com; +32 (0)479 016 058Sven
Adams; sven.adams@orange.com; +32 (0)486 36 47 22Margaux
Vigneron ; margaux.vigneron@orange.com; +32 (0)472 22 22
09Investor Relations :Koen Van Mol; koen.vanmol@orange.com;
z+32 (0)495 55 14 99
- OrangeBelgium_Voo_EU_Clearance_UK_200323
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