Vodafone Netherlands Announces its Intention to Acquire Belcompany BV
Vodafone Netherlands has announced its intention to acquire BelCompany BV, one of the largest telecom retailers in the Netherlands, from the Macintosh Retail Group for EUR 120 million on a cash-free debt-free basis. The acquisition will add 210 stores to Vodafone Netherland's current estate of 86. The transaction is subject to Dutch works council advice and competition authority approval.
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Vodafone is one of the world's largest mobile communications companies by revenue with approximately 359 million customers in its controlled and jointly controlled markets as at 31 December 2010. Vodafone currently has equity interests in over 30 countries across five continents and more than 40 partner networks worldwide.
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