Fergie's Tech Blog

Belgacom Buys Vodafone Stake in Mobile Unit for 2B Euros

An AFP newswire article, via Yahoo! News, reports that:

Belgian telecommunications operator Belgacom said it was taking full control of its Proximus mobile phone unit by buying 25-percent stake for two billion euros (2.55 billion dollars).

Proximus and Vodafone have also signed an agreement to maintain commercial cooperation for the next five years, which covered areas such as buying activities, mobile services, mobile products and roaming, Belgacom said in a statement Friday.

posted by Fergie @ 8/25/2006 10:00:00 AM