- Reuters•last year
AMSTERDAM/BRUSSELS, April 20 (Reuters) - Cable telecoms company Liberty Global's Belgian subsidiary Telenet said on Monday it has agreed to buy local mobile network operator Base from Dutch group KPN for 1.325 billion euros ($1.43 billion). For Liberty Global, Europe's biggest cable operator, the acquisition marks a departure from strategy, having said in the past that it is not interested in buying or building its own mobile phone networks instead of renting capacity from rivals as a mobile virtual network operator (MVNO).
- Reuters•2 years ago
French telecoms group Orange wants to remain in Belgium where it has a 51 percent stake in Mobistar MSTAR.BR , the country's second biggest mobile operator, and has not been contacted about a potential bid for Mobistar's smaller rival Base, a top executive said on Wednesday. Bloomberg said in a report on Tuesday that Base's owner, Dutch company KPN, had hired JP Morgan to seek buyers for the unit, which it said could be worth around 1 billion euros ($1.1 billion). Speaking at the Mobile World Congress in Barcelona, Orange's European director Gervais Pellissier said that it could make sense for Mobistar to buy Base to bulk up to better take on market leader Belgacom, but it would be difficult to get such a deal approved. Vodafone has bought cable companies in Spain and Germany, while others like Telefonica and Orange have been withdrawing from some countries to focus investments on their core markets.
- Reuters•2 years ago
Belgian telecom operator Belgacom will begin distributing the content of Netflix this year after striking a deal with the U.S. Belgacom, which rebranded its products as "Proximus" on Monday, said in a statement that the Netflix application would be on its new generation of decoders by the end of 2014. When it launched in Belgium on Sept. 19, Netflix had said it was in talks with local cable and telecoms groups to distribute its content in the country, as it sought to mirror deals struck with Deutsche Telekom in Germany and Bouygues in France. While Netflix is available online and many new "smart" TV sets and media players have a Netflix application, partnering with a telecoms operator extends the streaming service to a wider audience by providing direct access through older TVs.
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