(Bloomberg) -- Liberty Global Plc has bid about 929 million euros ($1 billion) to win full control of Belgian carrier Telenet Group Holding NV. Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldUS Studies Ways to Insure All Bank Deposits If Crisis GrowsJPMorgan Owned the LME ‘Nickel’ That Was Actually Bags of StonesSVB’s Loans to Insiders Tripled to $219 Million Before It FailedSwiss Are On the Hook for $13,500 Each on Credit Suisse BailoutThe cable and wire
Orange is set to secure EU antitrust approval for its bid for a majority stake in Belgian peer VOO SA after the French telecoms provider signed a deal with Liberty Global's Telenet to address the regulator's concerns, people familiar with the matter said. Acquiring VOO would give Orange control of the Belgian company's cable network in the Wallonia region in the south of Belgium and part of the Brussels area. Orange may get the EU green light by the end of February, the people said.
EU antitrust regulators will decide by April 11 whether to clear Orange's bid for a majority stake in Belgian peer VOO SA after the French telecoms provider signed a deal with Liberty Global's Telenet to address EU competition concerns. The European Commission temporarily halted its investigation into the deal in October while waiting for Orange to reach an agreement allowing Telenet to expand into Wallonia in the south of Belgium that would make it a national operator and rival. Orange and Telenet reached an agreement on Monday.