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Medialaan to buy Mobile Vikings

2015-11-20 09:12:00| Telecompaper Headlines

(Telecompaper) The broadcaster Medialaan has agreed to buy Belgian MVNO Mobile Vikings. The sale is part of cable operator Telenet's concessions to the European Commission aimed at securing approval for its takeover of mobile operator Base from KPN. In addition to buying Base's 50 percent stake in Vikings, it will take over the customers of JIM Mobile, a MVNO tied to Medialaan's channel JIM. JIM Mobile was set up in 2010 under a branded partnership with Base. Following Telenet's acquisition of Base, the 'branded partner' agreement would still continue, but Base would transfer, within a period of maximum two years, the JIM Mobile customers to Medialaan, who would then become a full MVNO on the Base network. Mobile Vikings also confirmed plans to become a full MVNO after the takeover by Medialaan. In addition to Base's stake, Medialaan will also buy out the founders of Mobile Vikings to hold 100 percent of VikingCo. The takeovers depend on the European Commission's approval of the Base takeover and approval by the Belgian Competition Authority of Medialaan's acquisition of VikingCo and the JIM Mobile customer base.

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Category:Telecommunications

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