BBned possible Belgacom takeover target
Telecom Italia recently put its European Broadband unit up for sale, consisting of Hansenet (Germany) and BBned (Netherlands). Market circumstances are not favourable for the sale of broadband assets, but Tele2 NL and Belgacom could very well be interested. In this brief, we focus on the investment case for Belgacom. We estimate the proceeds for Telecom Italia at between EUR 100 and 150 million.
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