- Breaking News San Mateo County ninth-graders struggle to stay fit
- Breaking News Food and wine events
- Breaking News Ask Amy: What To Do When the Doctor Isn t in the House
- Breaking News Ed Blonz: Keep your diet normal pre-surgery
Belgacom sells stake in Orange's Belgian unit
0 Comments | AFP, February, 2007
BRUSSELS (AFP) — Belgian telecommunications operator Belgacom said on Thursday it was selling its stake in the Belgian arm of French mobile operator Orange for 147.8 million euros (193.5 million dollars).
Belgacom, which owns rival Belgian mobile operator Proximus, acquired an interest of about three percent stake in Mobistar when it bought Belgian telecommunications services group Telindus in January 2007.
The company said that the stake did not represent a "strategic asset" and therefore it had waited for an "opportune moment" to sell it in the "best financial conditions possible".
Shortly after the announcement, Belgacom shares were showing a loss of 1.07 percent on the Brussels stock market at 33.33 euros.
© 2007 AFP
Premium Content Partnership |
MyWire provides an in-depth online archive library of reference works.
- Getting to the root of beautiful hair: shiny, silky hair begins with a healthy scalp - includes list of resources and a recipe for an herbal scalp tonic
- Industry Experts Launch Money Management Resources to Help People Overcome Debt and Learn Proper Money Management Practices
- Made from scratch: When Honda built a plant in Alabama it also built a workforce-using local workers who had no experience in making cars - Recruitment & Hiring
- Portfolio forecasting tools: what you need to know
- A multi-class SVM classifier utilizing binary decision tree
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- Banking technology, technological learning and competition: comparative case studies in Thai banking
- Funds transfer pricing: A perspective on policies and operations