In a pivotal move within the Belgian telecommunications landscape, Nethys is poised to transform its ownership in VOO into a substantial stake in Orange Belgium, following the approval from ENODIA. The process involves exchanging Nethys’s current 25% plus one share in VOO for an 11% holding in Orange Belgium. This strategic transaction aims to uphold Nethys’s governance rights and awaits evaluation by an independent committee, along with approval from the General Assembly of Orange Belgium.
Orange Belgium, with reported revenues of €1,391 million in 2022, has been on an upward trajectory, further reinforced by its majority share acquisition of VOO SA in June 2023. This strategic move underscores Orange Belgium’s commitment to expanding next-generation connectivity and fostering robust competition within the market. Serving over three million customers, the company boasts multi-gigabit networks crucial for supporting innovative Internet of Things (IoT) applications.
The acquisition of VOO SA strategically positions Orange Belgium for national convergence within the telecommunications sector, signaling its dedication to ongoing investments in network advancements. These endeavors align with the company’s commitment to sustainable practices alongside its growth objectives. Orange Belgium’s publicly traded shares are listed on the Brussels Stock Exchange under the ticker OBEL. The exchange of ownership stakes reflects a dynamic step in shaping the future landscape of telecommunications in Belgium.