Belgacom closes Telindus offer, results due next week

9 Jan 2006

Belgian telco Belgacom has officially closed its public share offer for network service provider Telindus. Belgacom is looking to buy a 75% stake in Telindus with an offer of EUR16.6 per share, valuing the company at EUR594 million. The result of the share offer will be announced late next week. The deal will preserve the Telindus brand for at least five years, with no major restructuring permitted for at least twelve months.

Belgium, Proximus