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.
Talk to the deal team
Ecorobotix has completed a fundraising
Ecorobotix has raised US$52 million. The new capital will enable the company to grow into new markets, expand its product range and build on the existing commercial success of ARA in Europe.Learn more
Synergyc has been acquired by One Equity Partners (OEP) via its platform entity Kirey Group
One Equity Partners (OEP) has completed the simultaneous acquisition of Kirey Group and Synergyc with the clear goal to create a Pan-European IT Service champion.Learn more
Perfion has been acquired by Boyum IT
Perfion has been acquired by Boyum IT, a portfolio company of Volpi Capital. This acquisition enables Boyum IT to offer Microsoft-based software solutions and further strengthen its position as a one-stop shop software provider.Learn more