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Scarlet Telecom set to buy Planet Internet Belgium

Following its acquisition of KPN Belgium, the Dutch company Scarlet Telecom is now also set to buy Planet Internet Belgium. With this double take-over, Scarlet Telecom is aiming to confirm its status as a first-line telecom group in Belgium. The price to be paid for Planet Internet has not been made public, but it is known that both parties have already agreed terms for the deal, which is expected to be finalised in mid-February.



Planet Internet employs some 150 staff, providing internet access to 227,000 customers (80,000 on broad band). As such, Planet Internet is a direct competitor of market leader Belgacom Skynet.

In December 2002, Scarlet Telecom (which operates in Belgium under the name Netnet) made a successful bid for KPN Belgium, cementing its position in the Belgian land telephone market. The Scarlet consortium is now the undisputed number three, behind Belgacom and Telenet.

Reported by
FIT
20 January 2003

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