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General

Orange rules out Base bid

Thursday 5 March 2015 | 10:24 CET | News
Orange wants to remain in Belgium and has not been contacted about a potential bid for Mobistar's smaller rival Base, Reuters reports. Bloomberg reported earlier that Base's owner KPN had hired JP Morgan to seek buyers for the unit, which it said could be worth around EUR 1 billion. Speaking at the Mobile World Congress in Barcelona, Orange's European director Gervais Pellissier told Reuters that it could make sense for Mobistar to buy Base to bulk up to better take on market leader Belgacom, but it would be difficult to get such a deal approved. "But consolidation is necessary in the market

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Categories: General
Companies: Base / Belgacom / KPN / Mobistar / Orange
Countries: Belgium
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