Tech News

Telenet in talks with French telco Orange on network access deal – One America News Network

Distressed Patriotic Flag Unisex T-Shirt - Celebrate Comfort and Country $11.29 USD Get it here>>


PARIS (Reuters) -Liberty Global’s Telenet on Thursday said it was in talks with France’s No. 1 telecoms company Orange over a potential network access to Walloon cable operator VOO, which Orange plans to acquire.

The companies have reached a memorandum of understanding which will structure further negotiations, Telenet said in a statement. Orange was not immediately available for comment.

Orange last year announced its plans to buy a majority stake in the Belgian fixed line business from Nethys in a deal which then valued the firm at 1.8 billions euros.

The planned purchase – currently under European Union anti-trust review, a source has said – would give Orange control over the cable network in Belgium’s French speaking Walloon region and part of the Brussels area.

The announced acquisition of 75% in VOO dealt a blow to Orange Belgium’s local rival Telenet, which had not been selected to enter into talks.

(Reporting by Piotr Lipinski and Mathieu Rosemain;Writing by Tassilo Hummel;Editing by Sudip Kar-Gupta)

tagreuters.com2022binary_LYNXMPEIA207S-BASEIMAGE





Source link

TruthUSA

I'm TruthUSA, the author behind TruthUSA News Hub located at https://truthusa.us/. With our One Story at a Time," my aim is to provide you with unbiased and comprehensive news coverage. I dive deep into the latest happenings in the US and global events, and bring you objective stories sourced from reputable sources. My goal is to keep you informed and enlightened, ensuring you have access to the truth. Stay tuned to TruthUSA News Hub to discover the reality behind the headlines and gain a well-rounded perspective on the world.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.