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Belgacom Finds Buyer for Phone House Shops, De Tijd Reports

Aug. 2 (Bloomberg) -- Belgacom SA has found a buyer for the Phone House Belgium stores it was asked to sell by the nation’s antitrust regulator, De Tijd reported, citing an unidentified labor union official.

The unit made the announcement to its staff yesterday without disclosing the name of the buyer, according to the Belgian newspaper. Belgacom bought Phone House Belgium’s 114 stores last year for 22 million euros ($27 million) and won approval for the purchase on condition it would sell about half the stores.

To contact the reporter on this story: Andrew Clapham in Brussels at aclapham@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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