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Company Statement: Belgacom acquires the remaining 25% stake in Proximus

( August 25, 2006, 15:57 GMT | Official Statement) -- ****************************************The successful business relationship with Vodafone is preserved Belgacom and Vodafone have concluded an agreement under which Vodafone’s shares in Belgacom Mobile (Proximus) will be sold to Belgacom for a total of EUR 2 billion, which takes into account a net cash position. It is estimated that at the end of September, Proximus’ net cash position will be approximately EUR 1.4 billion. Following this operation, Belgacom Mobile will become a wholly owned subsidiary of Belgacom. This transaction is subject to approval by the competent competition authorities. Lehman Brothers Inc. acted as Belgacom’s financial adviser and issued a fairness opinion in this transaction....

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