Vodafone will submit Belgian Belgacom 25% of stocks of mobile operator Proximus for 2 billion euro.
British Vodafone Group Plc., the world’s largest operator of mobile communication, has declared sale of 25 percent share holding of the leading Belgian operator of mobile communication Proximus to Belgian company Belgacom SA for 2 billion euro. Such data contain in the message of the British company published today.
Earlier Belgacom owned 75% of Proximus stocks. The transaction should be approved by adjusting bodies. The transaction is to be completed by December, 31st 2006.
In addition to this transaction Vodafone and Proximus have signed the agreement on partnership for the period of 5 years. This agreement allows users of the Belgian operator to continue usage of Vodafone products and services, such as service on uploading multimedia products Vodafone live!, Vodafone Mobile Connect Card, Blackberry and international roaming.
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