Dutch incumbent KNP Telecom (or Royal KPN) is considering the sale of its Belgian mobile unit BASE, in a deal that could generate up to EUR1.8 billion (USD2.3 billion) for the company, Bloomberg reports citing people familiar with the situation. BASE is Belgium’s third largest carrier by subscribers and could attract interest from a number of potential bidders, including private equity groups such as Apax Partners. The unconfirmed sources claim that talks over a possible deal are at a preliminary stage, but that details on a formal auction process may be established in time to be sent to interested parties in May.
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OVETEL KPN considers options for sale of BASE in Belgium
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