John Malone’s Liberty Global subsidiary Telenet is making a push into Belgian wireless, agreeing to acquire that country’s third largest mobile carrier, Base Co., in an all-cash deal valued at $1.4 billon.
The buy is Telenet’s first in the Belgian wireless market – it had previously concentrated on MVNO agreements for its wireless offerings.
In a statement Liberty Global CEO Mike Fries said the deal “represents a cost-effective and unique opportunity to expand Telenet’s mobile and fixed business in Belgium.”
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