Belgacom’s International Carrier Services (ICS) division has extended its long standing partnership with pan-African carrier MTN, with the combination of the two firms ICS units and MTN’s acquisition of a stake in Belgacom ICS.
Despite the economic downturn, intense competition, and regulatory actions, revenues for the European wholesale telecoms market remained steady between 2010 and 2011, according to research firm Ovum. In the firm’s annual analysis of the size of the European wholesale market it revealed that the market was worth $48.4bn in 2011, just 0.5 per cent less than in 2010. This represents 11 per cent of the leading wholesalers’ total European revenues.
With just two weeks to go until this year’s Broadband InfoVision Awards ceremony in Amsterdam, we preview the shortlisted entries for the category Best Broadband Experience Award.
It’s been a week of pecuniary punishments in the Low Countries, with carriers in both Belgium and the Netherlands on the receiving end of regulatory remonstrations. First up was Proximus, a carrier with a name that makes it sound like a character from the film Gladiator. It’s appropriate, really, as the firm – which is the mobile arm of incumbent telco Belgacom and the market leader – seems to feel as if it’s been stabbed in the back by a petty, power-crazed ruler.
Belgian operator Belgacom said Thursday it is selling its stake in the Belgian arm of Orange for Eur147.8m (£99.23m). The company sold the stake citing its future strategies and claiming that it was no longer a “strategic asset”. In a statement the firm said it had waited for an “opportune moment” to sell the unit.
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 [...]
Embattled telecoms giant, Vodafone, today announced its decision to sell its 25 per cent stake in Belgium’s dominant telecoms group, Proximus, to Belgacom. The sale, which will go towards reducing Vodafone’s recent heavy losses, is worth Eur2bn (£1.35bn). Belgacom is 50 per cent owned by the Belgian government and already owns 75 per cent of [...]