Wanadoo, the internet arm of France T él écom, has sold its Belgium subsidiary for €9.5m (£6.3m) to pan-European...
internet service provider (ISP) Tiscali.
Wanadoo Belgium has about 85,000 users, of whom 25,000 are asymmetric digital subscriber line (ADSL) customers. Last year, the Belgian ISP reported sales of about €13m (£8.6m). Exisiting customers will be re-addressed to Tiscali's IP network.
Tiscali hopes to develop significant economies of scale through the acquisition, which will make it Belgium's second-largest ISP.
Last week, Tiscali announced the takeover of Airtelnet, Vodafone Group's Spanish ISP for €9.86m (£6.5m) to expand in Spain.
Tiscali claims it has seven million users in Europe. By comparison, Wanadoo has 8.5 million users, while T-Online International remains Europe's largest ISP with 12.2 million users.