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Paris, France and Brussels, Belgium, Dec, 2021 -- VOO is a telecom operator that owns the cable network in the Walloon region and part of the Brussels region. VOO offers a portfolio of fixed and mobile telephony, broadband Internet and television services. With the acquisition of VOO, Orange Belgium will have a network in Wallonia and part of Brussels, thus reinforcing the deployment of its convergent strategy at national level.

The investment plan, consisting of cable modernisation and fibre optic (FTTH) rollouts, and
the pooling of the two companies' skills will make it possible to ensure and strengthen the
quality of VOO's network in the long term, serving customers and the competitiveness of
the Walloon and Brussels regions.

Nethys will retain a minority stake in VOO and governance rights to guarantee the
implementation of the industrial and social project. Orange is offering Nethys the possibility
of converting its stake in VOO into Orange Belgium shares to secure the development of
VOO and Orange Belgium through further integration between the two companies.

The closing of the transaction is subject to customary conditions precedent, including the
approval of the European Commission expected in 2022. Until such approvals and closing
of the transaction are obtained, the two companies will continue to operate independently.

Mari-Noëlle Jégo-Laveissière, Executive Vice President, Orange Europe Operations, said:
"This acquisition reinforces Orange's leadership in convergence in Europe and confirms the
Group's long-term commitment in Belgium. This operation is based on a strong industrial
project, drawing on the complementary nature of Orange Belgium and VOO."

Xavier Pichon, CEO of Orange Belgium, said: "25 years after the creation of Mobistar and 5
years after the launch of our first fixed-line offers, this operation reinforces the deployment
of Orange Belgium's convergent strategy at national level. Our investment plan will enable
us to upgrade the network to multi-gigabit for the benefit of customers and the
competitiveness of Wallonia and Brussels. The merger of Orange Belgium and VOO, two
companies with highly complementary assets and skills, will benefit the employment and
development of the employees of both companies."

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Posted by Veronica Silva Cusi, news correspondent
Source: https://ml-eu.globenewswire.com

Date Posted: Tuesday, December 28, 2021