Versatel Telecom International has agreed a EUR200 million (USD259.4 million) deal to purchase Tele2’s businesses in the Netherlands and Belgium, on a cash and debt free basis, and subject to certain adjustments, it said in a statement. To help fund the deal Versatel plans to raise EUR255 million through a rights offering. It has put forward the name of Henrik Ringmarks as new CEO and management board member, who will take over from the outgoing Per Borgklint upon completion of the acquisition, which is expected in May.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors