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KPN goes ahead with Base sale - report

Friday 20 July 2012 | 11:25 CET | News
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KPN is pushing ahead with the sale of its Belgian mobile operator Base, even as America Movil, which now owns just under 30 percent of KPN, has expressed its disapproval of a disposal, people familiar with the situation told Dow Jones. KPN hired JPMorgan to auction Base last month. The unit has attracted the interest of several buyout firms as well as Belgian cable operator Telenet, the report said. First-round bids are due at the end of July. Private equity firms including Providence Equity Partners and Carlyle Group have expressed an interest and Cinven is working on a joint bid with

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