Press release: Orange Belgium completes the acquisition of a 75% stake minus 1 share in telco operator VOO SA
June 02 2023 - 6:57AM
Press release: Orange Belgium completes the acquisition of a 75%
stake minus 1 share in telco operator VOO SA
Press ReleaseParis, 2 June 2023
Orange Belgium completes the acquisition of a 75% stake
minus 1 share in telco operator VOO SA
Orange announces today that Orange Belgium has completed its
acquisition of a controlling stake in telco operator, VOO SA. The
closing of this deal will give Orange Belgium a 75% stake minus 1
share in VOO SA, with the remaining 25% plus one share retained by
Nethys.
This transaction values VOO at an enterprise value of €1.8
billion for 100% of the capital. Orange Belgium will finance this
transaction through an intra-Group loan.
Xavier Pichon, CEO of Orange Belgium, comments: “For decades, we
developed our telecom skills and pioneering spirit to challenge the
market, but as from today, we have the industrial power, tech means
and commercial scale to accelerate and Lead the Future of the
Belgian telco market in the interest of all consumers, employees
and society in general.”
Mari-Noëlle Jégo-Laveissière, CEO Orange Europe, commented:
“Today’s closing of our acquisition of VOO marks an important
milestone - emboldening our convergence ambitions in Belgium.
Convergence in Europe has proven to be key to our leadership in
Europe and demonstrates how Orange’s new strategy, Lead the Future,
will continue to meet the digital needs that our customers in
Europe demand”.
About OrangeOrange is one of the world’s leading
telecommunications operators with revenues of 43.5 billion euros in
2022 and 136,000 employees worldwide at 31 March 2023, including
74,000 employees in France. The Group has a total customer base of
288 million customers worldwide at 31 March 2023, including 243
million mobile customers and 24 million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies under the brand Orange Business. In
February 2023, the Group presented its strategic plan "Lead the
Future", built on a new business model and guided by responsibility
and efficiency. "Lead the Future" capitalizes on network excellence
to reinforce Orange's leadership in service quality.Orange is
listed on Euronext Paris (symbol ORA) and on the New York Stock
Exchange (symbol ORAN).For more information on the internet and on
your mobile: www.orange.com, www.orange-business.com and the Orange
News app or to follow us on Twitter: @orangegrouppr.Orange and any
other Orange product or service names included in this material are
trademarks of Orange or Orange Brand Services Limited.
Press contactsTom Wright; Orange group;
tom.wright@orange.com; +33 6 78 91 35 11Vanessa Clarke; Orange
group; vanessa.clarke@orange.com; +44 7818 848 848Annelore
Marynissen; Orange Belgium; annelore.marynissen@orange.com; +32
(0)479 016 058Sven Adams; Orange Belgium;
sven.adams@orange.com; +32 (0)486 36 47 22
- PR_OrangeBelgium_Voo_Closing_EN_020623
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