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Wireless

Telenet asks banks to look at financing for Base - report

Tuesday 29 May 2012 | 13:17 CET | News
Telenet has asked banks to look at financing for a possible takeover of KPN's Belgian mobile unit Base, Het Financieele Telegraaf reported, citing anonymous sources. Also according to the sources, KPN's supervisory board has asked if selling units such as Base would not decrease its competitive edge. Telenet said earlier that it has yet made no formal bid for Base. Reports in April said that KPN had hired JP Morgan to manage the sale of KPN Group Belgium, or Base.

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