Belgacom trumps FT’s bid for Telindus Group

16 Dec 2005

Belgian telco Belgacom has raised its bid for the Telindus Group to EUR16.60 (USD19.95) per share from EUR13.50 yesterday to trump a counterbid from France Télécom (FT). On Wednesday FT offered EUR15.80 (USD19) per share of Belgian-owned Telindus. Belgacom’s latest bid values Telindus at EUR594 million (USD714 million).

Belgium, Orange Group, Proximus