EC Initiates In-Depth Investigation in VOO’s Acquisition by Orange

European Commission (‘EC’), concerned of reduced competition in southern regions of Belgium, initiated an in-depth investigation into the planned acquisition of 75% of VOO S.A. (‘VOO’), for 1.8 Billion Euros, by Orange S.A. (‘Orange’). Both companies, VOO & Orange, offer broadband and mobile services. The acquisition will reduce the number of operators from 3 to 2 in the areas where they compete.