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Luxembourg - Mobistar acquires VOXmobile for EUR 80.3 million.

Europe Intelligence Wire

| May 22, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Telecompaper Europe)

Belgian mobile operator Mobistar has signed an agreement for the take-over of the Luxembourgian mobile telephone operator VOXmobile. In December 2006 the shareholders of VOXmobile authorised a business bank to investigate the strategic options for the company. After the approval of its board of directors Mobistar made a binding take-over offer, that was accepted by VOXmobile. Mobistar buys 90 percent of the VOXmobile shares for EUR 80.3 million. This amount equals proportional the estimated value of the company minus its debts after capitalisation of the shareholders loans. VOXmobile is a Luxembourgian telecom operator that supplies mobile and fixed services for telephony and internet. The company has a licence for GSM 900/1800, ...

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