CEO says Belgacom may look to foreign investment opportunities

22 Sep 2008

Belgian telco Belgacom is considering investment of up to EUR5 billion (USD7.23 billion) in foreign assets according to Reuters, citing an interview with the operator’s Chief Executive Officer. Didier Bellens has reportedly stated that the operator will consider investment opportunities in developing countries, diversifying from the group’s previous strategy of smaller European acquisitions in recent years. ‘We may go further than just Europe for mobile companies, but prices were very, very high. The prices have adjusted dramatically, and I believe there is growth in these countries’, said Bellens.

Belgium, Proximus