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Wireless

Free joined Providence in bid for Base - report

Thursday 16 August 2012 | 11:07 CET | News
French operator Free's founder Xavier Niel was one of the bidders for KPN's Belgian mobile subsidiary Base. Niel made an offer in partnership with private equity company Providence, writes L'Echo, citing a well-informed source. At least three non-binding offers were made for Base, all worth over EUR 1 billion, according to the newspaper. KPN rejected all of them for being too low and for failing to account for Base's strong position and outlook. The Dutch operator was reportedly seeking EUR 1.8 billion after the arrival of its new 28 percent stakeholder, America Movil.

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Categories: Mobile & Wireless
Companies: America Movil / Base / Free / KPN
Countries: Belgium
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