Citymesh introduced on Monday that it’s strengthening its market place by the acquisition of edpnet from Proximus. The corporate emphasised that its acquisition of the Belgian telco supplier is proof of its dedication to offering high-quality connectivity and represents a pure growth of its core mission to deliver extra competitors to the Belgian market.
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Acquisition of edpnet
“edpnet, recognized for its position as a telecom challenger, aligns completely with the imaginative and prescient of Citymesh. This acquisition accelerates our go-to-market technique for each fastened and cellular options and considerably enriches our service provision,” mentioned the Citymesh CEO.
Decision of Ongoing Investigations
On account of this acquisition, the Belgian Competitors Authority (BCA) has terminated its ongoing investigation into Proximus’s acquisition of edpnet final March 2023. The choice follows an settlement between Proximus and Citymesh to resell the actions of edpnet to the latter. The enchantment filed by Citymesh towards the project of edpnet to Proximus, within the context of the continued judicial reorganisation, may even come to an finish, mentioned Proximus.
Dedication to Seamless Transition
“The settlement between Citymesh and Proximus places an finish to the uncertainty surrounding the way forward for edpnet. Within the coming interval, our focus might be on making certain the operational continuity of edpnet and exploring synergies between our organizations. We’re dedicated to sustaining the distinctive company tradition of edpnet and making certain a easy transition and uninterrupted service for our clients and workers,” mentioned Citymesh in a press release.
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edpnet Buyer Base
Based on Proximus, edpnet has roughly 46,000 fastened web and 13,500 cellular clients. The headquarters of edpnet will stay in Sint-Niklaas, and the corporate is welcoming the edpnet workforce of 60 professionals into the Citymesh Group. Proximus didn’t disclose any extra particulars of the transaction.
