Telecoms group Orange Belgium in talks to buy major stake in VOO

Orange Belgium NV

23/11/2021 06:43

PARIS, Nov 23 (Reuters) - Telecoms company Orange Belgium
 OBEL.BR  said it was in talks to buy a majority stake in
Belgian telecoms operator VOO SA, in a possible deal valuing the
whole of VOO at 1.8 billion euros ($2 billion) on an enterprise
value basis.
    Orange Belgium said it was in exclusive talks with the
company Nethys over buying around 75 percent of the capital of
VOO SA, which owns the cable network in Belgium's French
speaking Wallonia region and part of the Brussels area.
    Orange Belgium added it would finance the deal by increasing
its debt, with the support of French parent company Orange SA
 ORAN.PA .
    ($1 = 0.8899 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Benoit Van
Overstraeten)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))