| BICS and MTN complete the agreement to combine their international carrier services Belgacom ICS (BICS) and MTN are pleased to announce the closing of the transaction which results in a combination of their international carrier services and MTN taking an equity stake in BICS. The agreement was announced on 26 June 2009 and received approval of all relevant government, regulatory and competition authorities in the meantime.
As of today, 1 December 2009, BICS will progressively integrate MTN ICS, MTN’s international wholesale subsidiary, and will act as the official gateway for carrier services of MTN globally. Belgacom will own 57.6% of BICS’ shares, Swisscom 22.4% and MTN 20.0% with a board representation. |
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