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Wireless

KPN may regret rejecting Base offers

Wednesday 15 August 2012 | 17:23 CET | Author: Tim Poulus | Market Commentary
KPN has abandoned plans to sell its Belgian mobile unit Base. The offers for Base were too low, which KPN said was due to the current financial crisis. Telenet already announced earlier that it was not looking to do any big takeovers soon, essentially eliminating the most likely candidate to buy Base. KPN appears to prefer holding on to Base rather than selling it at what the Dutch operator sees as too low a price. Its unclear if KPN's new major shareholder America Movil played any role in the process; earlier reports suggested it was against the sale of Base.

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Categories: Mobile & Wireless
Companies: America Movil / E-Plus / KPN / O2 Germany / Telefonica- Movistar / Telenet
Countries: Netherlands
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