Media mogul ups stake in Versatel

13 Dec 2004

Dutch entrepreneur John de Mol, the founder of reality TV show Big Brother, has raised his stake in the country’s alternative telco Versatel from 25.06% to 41.7%, adding weight to rumours that he might be looking to take over the company. A spokesperson for Mr de Mol said that he regards Versatel as a good candidate for consolidation. The telco said it heard about the move through the securities regulator’s website.