Driven by such diligent operational execution, the latest move is likely to solidify Orange Business Services' position as a network-native digital services company and effectively cater to customer requirements by capitalizing on the new-age technology amid a dynamic B2B market landscape. In December 2021, Orange Belgium announced its intent to acquire about 75% minus one share in VOO SA in association with Nethys. The buyout marks a step toward reinforcing Orange Belgium's national convergent strategy, enabling the company to deploy a high-speed network infrastructure in Wallonia and Brussels. The deal is based on an enterprise value of €1.8 billion for 100% of the capital. Post the integration, the agreement will generate considerable synergies related to the handover of VOO's MVNO (Mobile Virtual Network Operator) business to Orange Belgium's network. The EBITDA multiple will be 6.5x on account of the combined synergies.