Dutch telco KPN has reportedly mandated JPMorgan Chase to sell its Belgian unit BASE. KPN declined to comment on the report.
Belgium’s third largest mobile operator has already attracted the interest of several private equity investors, although…
Dutch telco KPN has reportedly mandated JPMorgan Chase to sell its Belgian unit BASE. KPN declined to comment on the report.
Belgium’s third largest mobile operator has already attracted the interest of several private equity investors, although no formal auction process has yet begun, Dow Jones stated in a report citing a person familiar with the situation.
According to the report, BASE could fetch a price of up to €1.8bn.
It has been speculated that French billionaire Xavier Niel and private equity firms Bain Capital, CVC Capital, Providence Equity Partners and Apax Partners could be interested in Base. London-based Apax successfully bid for Orange Switzerland last December.
KPN confirmed earlier this month that it was “conducting a comprehensive review of [its] strategic options in Belgium” but has refused to comment further on the matter.
