Proximus has acquired the Belgian telecom operator and internet provider EDPnet. EDPnet will continue to operate on the Belgian market under its own name.
The Belgian Corporate Court validated the takeover bid, which means that EDPnet’s business and assets are now permanently owned by Proximus. Proximus paid 20.5 million euros for the small provider.
EDPnet had to file for protection from creditors last October because it could no longer pay wholesale bills for its network connections. One of the big credits from EDPnet is the new parent company Proximus.
According to Proximus, the takeover of EDPnet was primarily motivated to maintain service continuity for the end customers. The acquired telecom operator has 13,500 mobile end users and 6,000 customers for fixed internet services.
After the final acquisition and transition period, EDPnet will continue to operate on the Belgian market under its own brand and identity, according to the new parent company.
The acquisition of EDPnet is of great interest to Proximus. It enables the large Belgian telecom operator to expand its market share in several segments. EDPnet is particularly popular with consumers with high technical knowledge and has many customers who take fixed internet services via fiber. Proximus still sees many growth opportunities for itself in this segment.
In the business area, the acquired telecom operator and internet provider is mainly active in the B2B segment, especially SMEs.
Current EDPnet customers will be informed about the acquisition and practical matters during the transition in the coming weeks. Proximus guarantees that all customers will retain their current services and benefits. After the transition, they can also use the gigabit networks and other services of the major Belgian operator.
Also read: Belgian government protects EDPnet from creditors until January