Telenet Group Holding NV has sold Ortel Mobile NV to Lycamobile (Belgium) Ltd
Telenet Group Holding NV has sold Ortel Mobile NV to Lycamobile (Belgium) Ltd. Financial details have not been disclosed.
Ortel Mobile provides mobile phone products on a prepaid basis. It offers promotions for text messaging, roaming, and mobile Internet. The company was founded in April 2006 and is headquartered in Mechelen, Belgium.
Lycamobile specializes in mobile telecommunications services. It offers prepaid mobile SIM cards that provide international and national calls. The company was founded by Allirajah Subaskaran in 2006 and is headquartered in London, UK.
Telenet Group Holding operates as a telecommunications company providing cable services. It offers analog and digital cable television and digital pay television services, including high definition and on-demand television, high-speed broadband Internet and fixed and mobile telephony services to residential subscribers. The company also offers voice and data services, as well as value-added services such as cloud, hosting and security solutions to small, medium-sized and large businesses.
Oaklins' team in Belgium advised the seller in this transaction.
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