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 Belgacom to buy Scarlet for EUR 185 million (Belgium)

  • February 15th, 2008
  • 2:21 pm

Belgacom will acquire Scarlet, a communications service provider in the Netherlands, Belgium and the Netherlands Antilles, for EUR 185 million. Scarlet offers its international customer base of 180,000 broadband clients a variety of products with a “no frills” positioning which Belgacom will continue under the Scarlet brand. Scarlet will continue to operate as a separate business unit. The transaction is on a debt and cash free basis.