According to reports Wednesday, Belgian firm Belgacom SA is preparing to make an offer for Luxembourg operator, Voxmobile.

According to the Belgian newspaper De Tijd, Voxmobile asked investment bank Compagnie Financiere Rothschild to investigate “strategic options”. The paper cited several sources close to the story.

The move is seen as a way for Belgacom to bolster its position in Luxembourg as Voxmobile controls 20 per cent of the mobile market there.