Dutch telco KPN’s Belgian unit, BASE, has reportedly attracted the interest of at least four private equity firms and a French billionaire investor.
A Bloomberg report citing people familiar with the matter named Frenchman Xavier Niel and PE firms…
Dutch telco KPN’s Belgian unit, BASE, has reportedly attracted the interest of at least four private equity firms and a French billionaire investor.
A Bloomberg report citing people familiar with the matter named Frenchman Xavier Niel and PE firms Bain Capital, CVC Capital, Apax Partners and Providence Equity Partners as potential suitors for BASE, Belgium’s third largest mobile operator with a market share of about 23%.
KPN announced earlier this week that it was “conducting a comprehensive review of [its] strategic options in Belgium” and would make further announcements “if and when appropriate”.
The announcement came after a news agency report citing unnamed sources said KPN is considering selling BASE for about €1.8bn (US$2.4bn). The report stated discussions concerning the unit’s sale are at an early stage and no formal process has yet begun.
A KPN spokesperson today said the company has nothing to add to its 16 April statement.
