Telecomunicazioni
Orange Belgium and Telenet concluded the terms and conditions for the future termination of the Full MVNO Agreement
Joint Press release - Brussels/Mechelen, May 31, 2016
Orange Belgium and Telenet have entered into negotiations in order to agree upon the terms and conditions for the termination of their Full MVNO Agreement, which provides Telenet access to Orange Belgium's network. Both companies have now reached an agreement setting the terms and conditions for the future termination of this Full MVNO Agreement.
The Full MVNO service provided by Orange Belgium to Telenet will run until the end of the year 2018, implying Telenet's mobile customers can continue to use Orange Belgium's network until the end of 2018. Telenet committed to a minimum payment of EUR150.0 million (excluding VAT) over the 3-year period 2016-2018. The actual amount paid by Telenet could exceed this minimum amount in case of higher network usage. Beyond 2018, an optional 6-month extension period has been agreed upon with a minimum payment of EUR15.0 million (excluding VAT) if triggered. Through the termination Agreement, all outstanding legal disputes between both companies, including the judicial recovery of invoices under the Full MVNO Agreement, have now been settled.
By way of background, Mobistar (currently Orange Belgium) announced its first MVNO Agreement with Telenet in February 2006. In 2009, Telenet extended its relationship with Mobistar into a Full MVNO Agreement. In April 2012, both parties decided to extend the Full MVNO Agreement until December 31, 2017. In February 2016, Telenet acquired BASE Company NV. Telenet customers, which are currently hosted on the network of Orange Belgium, will be progressively migrated to the BASE network where and when the coverage extension and capacity upgrades will be regarded as sufficient by Telenet.
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http://hugin.info/134974/R/2016634/748006.pdf
http://hugin.info/134974/R/2016634/748007.pdf
http://hugin.info/134974/R/2016634/748004.pdf
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