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Mobistar takes over Colruyt Mobile prepaid customers


May 20, 2014 - London

Brussels, 20 May 2014 - Today Mobistar has announced that the MVNO agreement with Colruyt will be terminated on 2 July 2014. Colruyt is ending its Colruyt Mobile service, and to ensure continuity of service for all Colruyt Mobile customers, Mobistar is taking over these prepaid customers.

Mobistar signed an MVNO agreement with Colruyt in November 2011 to increase its share of the competitive prepaid cards market. Today it has become clear that Colruyt has had insufficient impact on the crucial parameters to continue to guarantee the lowest prices with certainty, so it was jointly decided to terminate this agreement.

Mobistar will be taking over all of Colruyt Mobile's prepaid customers from 2 July 2014 providing guaranteed continuity of service. Colruyt Mobile ensures that its customers will receive proper support during the transitional period and it will inform them personally of the discontinuation by letter and/or text message. Customers will be able to access the Colruyt Mobile website or contact the helpdesk until the end of June. Mobistar will also inform all Colruyt Mobile customers of the transfer by text message or letter.

Mobistar (EURONEXT BRUSSELS: MOBB) is one of the main actors on the telecommunications market in Belgium and Luxembourg. The company offers its residential customers postpaid and prepaid innovative mobile telecom products and services. On the business market, Mobistar operates DSL fixed network telephony and high-speed internet, acts as an integrated communications provider and offers a portfolio of mobility and connectivity services. Mobistar is also a wholesale provider, offering access to its infrastructure and service capabilities to its wholesale partners. Mobistar, with the Orange group as major shareholder, is listed on the Brussels Stock Exchange.

For more information, please contact:
Press service: press@mail.mobistar.be - http://corporate.mobistar.be/press
Patti Verdoodt  +32 (0)495 55 96 26
Investor relations - Siddy Jobe: +32 (0)2 745 80 92 - e-mail: ir@mail.mobistar.be

Follow us on Twitter: @PressMobistar





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Mobistar via Globenewswire

HUG#1787197

GlobeNewswire

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