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Base for sale: Altice, Iliad, Tele2 most likely bidders

Thursday 5 March 2015 | 12:44 CET | Author: Tim Poulus | Market Commentary
KPN has put its Belgian unit Base up for sale again, according to Bloomberg. The Dutch operator tried in 2012 to sell Base, but did not attract the desired price, reportedly around EUR 1.8 billion. Since then KPN has sold E-Plus in Germany and reduced its focus to the Netherlands and Belgium. A sale of the relatively small Belgian unit would not be a surprise. We expect KPN is hoping to raise around EUR 1 billion and see Altice, Tele2 and Iliad as the most likely bidders for Base. KPN's share price showed little reaction to the report of a Base sale, but the share price is up around 25

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Categories: Mobile & Wireless
Companies: Altice Europe / Base / Belgacom / Deutsche Telekom / Free Mobile / Iliad / KPN / Liberty Global / Mobistar / Proximus / Salt Mobile / Tele2 / Telefonica Deutschland / Telenet / Vodafone
Countries: Belgium
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