Citymesh introduced on Monday that it’s strengthening its market place via 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 mounted and cellular options and considerably enriches our service provision,” stated 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 in opposition to the project of edpnet to Proximus, within the context of the continued judicial reorganisation, can even come to an finish, stated 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 can be on guaranteeing the operational continuity of edpnet and exploring synergies between our organizations. We’re dedicated to sustaining the distinctive company tradition of edpnet and guaranteeing a easy transition and uninterrupted service for our prospects and workers,” stated Citymesh in a press release.
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edpnet Buyer Base
In keeping with Proximus, edpnet has roughly 46,000 mounted web and 13,500 cellular prospects. The headquarters of edpnet will stay in Sint-Niklaas, and the corporate is welcoming the edpnet crew of 60 professionals into the Citymesh Group. Proximus didn’t disclose any further particulars of the transaction.
