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Wireless

Vodafone NL to buy BelCompany for EUR 120 mln

Wednesday 23 March 2011 | 09:34 CET | News
Vodafone Netherlands said it intends to acquire telecom retailer BelCompany from the MacIntosh Retail Group for EUR 120 million, on a cash-free, debt-free basis. The acquisition will add 210 stores to Vodafone's current estate of 86. The transaction is subject to Dutch works council advice and competition authority approval. Vodafone said the takeover will help satisfy growing customer demand for personal advice prompted by the emergence of smartphones, apps, tablets and mobile internet. The rapid developments in the telephony market are pushing the need for face-to-face advice, and support

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Categories: Mobile & Wireless
Companies: BelCompany / Telefoonkopen.nl / Vodafone / VodafoneZiggo
Countries: Netherlands
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