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Wireless

KPN drops plan to sell Base after low offers

Wednesday 15 August 2012 | 09:16 CET | News
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KPN has dropped plans to sell its Belgian unit Base. The company said that the current difficult financial market conditions were reflected in the unsatisfactory non-binding offers it received for the unit. KPN said on 21 June that it had completed its strategic review of Base and that the unit would go on sale in July. KPN added at the time that it would only sell the unit for the right price. KPN said that the non-binding offers did not take the strong position and outlook of Base into account, with its successful 'challenger' strategy and strong revenue growth, attractive margins and

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Categories: Mobile & Wireless
Companies: Base / KPN / Telenet
Countries: Belgium / Netherlands
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