Belgacom sells French IT unit to Vivendi for 95 mln euros

BRUSSELS, March 28 Fri Mar 28, 2014 1:01pm EDT

BRUSSELS, March 28 (Reuters) - Belgian telecoms group Belgacom said on Friday it had agreed to sell its French IT services unit Telindus France to French group Vivendi for 95 million euros ($130.7 million) in cash.

In 2013, Telindus France had revenues of 231 million euros and generated a core profit of 11 million euros.

Belgacom said the deal would need to be approved by competition authorities. ($1 = 0.7271 Euros) (Reporting by Robert-Jan Bartunek; Editing by Erica Billingham)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.