Copying and distributing are prohibited without permission of the publisher
KPN may sell Belgian mobile unit Base
17 April 2012
Private equity bidders tipped to be interested in paying estimated €1.8bn for KPN’s Belgian mobile unit, Base
Dutch operator KPN is reviewing strategic options for Base, its mobile and fixed business in Belgium that may be worth up to €1.8 billion.
Base is likely to attract interest from Apax Partners and other private equity firms, reports Bloomberg, citing unnamed sources.
KPN’s plans are in the initial stages, and it has not decided on a formal auction process so far, but it may send preliminary information to potential buyers in May, said the report.
The Belgian mobile business started in 1999 as KPN Orange, a joint venture with Hutchison which then owned Orange in the UK. After Orange became part of France Telecom, KPN took 100% ownership and rebranded the business. France Telecom also has a mobile business in Belgium, called Mobistar.
KPN said in January 2012 that it was seeking “serious” offers for its foreign and domestic business, and that it would accelerate a restructuring programme to deal with expectations of lower profit and cash flow in 2012.
KPN sold its Simyo MVNO in France to Bouygues Telecom in 2011, and is discussing sale of the Simyo MVNO business in Spain. GTB
More from GTB
Private equity investor to buy Eurofiber 04 Apr 2012
KPN open to 'serious' bids, says CFO 25 Jan 2012
Bouygues to buy KPN's Simyo in France 23 Dec 2011
KPN to offload Dutch mobile towers 12 Dec 2011
Platform from Huawei helps KPN launch MVNO services 20 Apr 2011