Belgacom

Belgacom, the Belgian telecom operator, said it had increased its stake in Infosources to 87 %, after repurchasing about 13 % held by the founding shareholders. The transaction was carried out in parallel with the decision to sell Infosources' French internet services to Tiscali for 5 million euros rising to a possible maximum of 10 million, depending on the number of subscribers that Tiscali can take over. Belgacom said Infosources is to continue its ISP activities in Belgium through its Belgacom Skynet unit. The unit recently announced a 57% rise in first half sales in contrast to France where it failed to grow enough to become a major player.
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