Proximus is pursuing damages relating to Telenet’s acquisition of Interkabel assets in 2007.
The Belgian telco is seeking compensation from alleged losses it sustained after rival Telenet took over Interkable’s TV customers.
In December 2007, the cableco closed an agreement with Telenet that saw the operator acquire Interkabel’s analog and digital TV customers, in addition to long-term exclusive rights to its cable infrastructure.
At the beginning of 2008, Proximus, which was also interested in taking over Interkabel’s customers and acquiring similar rights, made a counter-offer, claiming that it had not been given opportunity to make a bid.
When the counter-offer was rejected, Proximus initiated court proceedings before the Council of State with regard to the validity of decisions of the four intermunicipal companies that make up Interkabel.
The operator also took its concerns before the civil courts with regard to the validity of the agreement between Interkabel and Telenet, as well as the loss sustained by Proximus.
The Council of State annulled the decisions of Interkabel in 2014 on the grounds that no fair bidding procedure had taken place. Proximus is now pursuing damages on civil grounds through the Court of Appeal.
Proximus said it was continuing legal proceedings in the hope of bringing “a speedy end to this matter, which now been dragging on for more than seven years”.
A statement from the company read: “It is clear that Proximus has sustained significant damage in this matter...Proximus now asks the Court of Appeal to take measures to restore competition and is also pressing for compensation for the loss sustained, in the interest of its customers and shareholders.”