Financial Times FT.com

Belgacom set to buy Telindus in €600m cash deal

By Sarah Laitner in Brussels and Tom Braithwaite in Paris

Published: January 6 2006 02:00 | Last updated: January 6 2006 02:00

Belgacom is poised to buy Telindus for €600m ($726m) after France Telecom withdrew its counterbid for the Belgian communications network group.

Belgium's state-controlled telecoms company won over Telindus after sweetening its cash offer to trump France Telecom's €566m recommended bid.

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