Tiscali acquires Wanadoo Belgium

7 Feb 2003

France Télécom’s internet subsidiary Wanadoo has sold its Wanadoo Belgium business to Tiscali for EUR9.5 million, to be paid in newly-issued Tiscali shares. The decision to withdraw from Belgium is consistent with the French telco’s strategy of being among the top three players in each market in which it operates. Wanadoo Belgium has around 85,000 active customers including 25,000 ADSL subscribers.