Orange Belgium and Telenet concluded the terms and conditions for the future termination of the Full MVNO Agreement
(Thomson Reuters ONE) -
Joint Press release - Brussels/Mechelen, May 31, 2016
* Telenet's mobile customers can continue using the premium mobile voice and
data network of Orange Belgium until the end of 2018.
* Telenet committed to a minimum payment of ?150.0 million over the 3-year
period 2016-2018.
* Through the termination Agreement, all outstanding legal disputes between
both companies have now been settled.
Orange Belgium and Telenet have entered into negotiations in order to agree upon
the terms and conditions for the termination of their Full MVNO Agreement, which
provides Telenet access to Orange Belgium's network. Both companies have now
reached an agreement setting the terms and conditions for the future termination
of this Full MVNO Agreement.
Agreed terms and conditions for the Full MVNO Agreement termination
The Full MVNO service provided by Orange Belgium to Telenet will run until the
end of the year 2018, implying Telenet's mobile customers can continue to use
Orange Belgium's network until the end of 2018. Telenet committed to a minimum
payment of ?150.0 million (excluding VAT) over the 3-year period 2016-2018.
The actual amount paid by Telenet could exceed this minimum amount in case of
higher network usage. Beyond 2018, an optional 6-month extension period has been
agreed upon with a minimum payment of ?15.0 million (excluding VAT) if
triggered. Through the termination Agreement, all outstanding legal disputes
between both companies, including the judicial recovery of invoices under the
Full MVNO Agreement, have now been settled.
Background information on the Full MVNO Agreement
By way of background, Mobistar (currently Orange Belgium) announced its first
MVNO Agreement with Telenet in February 2006. In 2009, Telenet extended its
relationship with Mobistar into a Full MVNO Agreement. In April 2012, both
parties decided to extend the Full MVNO Agreement until December 31, 2017. In
February 2016, Telenet acquired BASE Company NV. Telenet customers, which are
currently hosted on the network of Orange Belgium, will be progressively
migrated to the BASE network where and when the coverage extension and capacity
upgrades will be regarded as sufficient by Telenet.
Orange Belgium Investor Relations
For the full PDF version, please click here below:
Orange B-Telenet full MVNO - UK:
http://hugin.info/134974/R/2016634/748004.pdf
Orange B-Telenet full MVNO - NL:
http://hugin.info/134974/R/2016634/748007.pdf
Oange B-Telenet full MVNO - FR:
http://hugin.info/134974/R/2016634/748006.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Orange Belgium via GlobeNewswire
[HUG#2016634]
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"Orange Belgium and Telenet concluded the terms and conditions for the future termination of the Full MVNO Agreement"
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