A fine time
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.
Vodafone sells off Proximus stake
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 [...]



