0
Wireless

Telenet buys Base for EUR 1.325 billion

Monday 20 April 2015 | 08:33 CET | News
Belgian cable operator Telenet has agreed to acquire the mobile operator Base from KPN for EUR 1.325 billion. The sale price is equal to 8.9 times Base's EBITDA last year. Telenet is already a successful MVNO in Belgium and with Base acquires its own mobile network infrastructure and the number-three spot on the Belgian mobile market. Base has around 3.3 million customers, good for 21 percent of the market at the end of 2014. Telenet said it will raise around EUR 1 billion in debt to help finance the takeover as well as invest EUR 240 million in Base in the coming years. The company expects

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Base / KPN / Liberty Global / Telenet
Countries: Belgium
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Base CEO to step down after integration with Telenet

Published 22 Mar 2016 09:37 CET | Belgium
Jos Donvil, CEO of Belgian mobile operator Base, plans to leave the company once its integration with Telenet is completed. In an ...

Telenet meets FY outlook with 6% revenue growth

Published 10 Feb 2016 10:18 CET | Belgium
Belgian cable operator Telenet reported revenues for 2015 up 6 percent to EUR 1.81 billion. Adjusted EBITDA rose 5 percent to EUR ...

EC approves Telenet takeover of Base

Published 04 Feb 2016 12:11 CET | Belgium
The European Commission has approved the sale of Belgian mobile operator Base by KPN to Telenet, the Belgian cable operator ...

Base results improve in Q4, loses customers

Published 03 Feb 2016 10:32 CET | Belgium
Belgian mobile operator Base reported revenues of EUR 240 million for the fourth quarter of 2015, up from EUR 180 million a year ...

Vodafone and Ziggo merger may lead to wholesale cable access

Published 02 Feb 2016 18:40 CET | Netherlands
Vodafone and Liberty Global are in talks about forming a joint venture in the Netherlands. This would include their respective ...

EC set to approve Telenet takeover of Base - report

Published 21 Jan 2016 10:45 CET | Belgium
The European Commission is set to grant Telenet approval to acquire mobile operator Base from KPN after the company pledged to ...

Telenet passes 1 mln mobile customers

Published 19 Jan 2016 08:45 CET | Belgium
Belgian operator Telenet said it's passed the milestone of 1 million mobile customers. To mark the moment, the company is giving ...

Telenet to raise prices in new year

Published 14 Dec 2015 09:29 CET | Belgium
Telenet will raise prices again early next year, CEO John Porter said on the TV show 'De afspraak'. Noting that annual price ...

Medialaan to buy Mobile Vikings

Published 20 Nov 2015 09:12 CET | Belgium
The broadcaster Medialaan has agreed to buy Belgian MVNO Mobile Vikings. The sale is part of cable operator Telenet's concessions ...

Liberty Global offers new concessions for Base takeover

Published 03 Nov 2015 09:00 CET | Belgium
Liberty Global has submitted new concessions to the European Commission in order to gain approval for its proposed takeover of ...

Liberty Global files concessions in EC review of Base deal

Published 16 Sep 2015 12:00 CET | Belgium
Liberty Global has submitted proposals to the European Commission in its competition review of the cable operator's planned ...

Telenet raises FY outlook after strong Q2

Published 30 Jul 2015 11:07 CET | Belgium
Belgian cable operator Telenet reported second-quarter revenues up 6 percent from a year earlier to EUR 449 million, and adjusted ...

Telenet still working on formal bid for Base

Published 27 Jul 2015 13:35 CET | Belgium
Telenet is still working on the agreement to acquire Base. The news that KPN wanted to sell its Belgian mobile operations to ...

What's next for Belgium: a return of the Orange brand or structural separation?

Published 10 Jun 2015 23:03 CET | Belgium
Mobistar is under pressure in the Belgian market. On the mobile markt, it will be the number three behind Proximus and Telenet, ...

Base renews postpaid plans with more data

Published 12 May 2015 10:36 CET | Belgium
Belgian mobile operator Base announced a refresh of its postpaid plans, as part of its new 'Go Mobile' campaign. The new plans ...

Liberty Global sees subscriber growth slow in Q1

Published 08 May 2015 08:47 CET | Europe
Cable group Liberty Global reported a slowdown in the first-quarter to organic net additions of just 68,000 revenue-generating ...

KPN CEO revives talk of Belgacom merger

Published 03 May 2015 10:40 CET | Netherlands
Dutch operator KPN is open to a merger with another European player such as neighbour Belgacom, CEO Eelco Blok told Dutch paper ...

Telenet names CCO Vincent to lead Base integration

Published 29 Apr 2015 13:41 CET | Belgium
Telenet has named Chief Customer Officer Patrick Vincent to lead the transformation programme for the company's acquisition of ...

Base sale to Telenet forces Mobistar into challenger role

Published 20 Apr 2015 15:39 CET | Belgium
Telenet's proposed acquisition of Base will result in considerable changes to the mobile market in Belgium, especially for ...

Mobistar underlines need for access to Telenet cable network

Published 20 Apr 2015 11:06 CET | Belgium
Mobistar issued a statement acknowledging the acquisition of Base by Telenet and said it expects regulators to examine the deal ...

KPN sells Base: balance sheet sorted, Liberty Global changes strategy, Belgian duopoly strengthened

Published 20 Apr 2015 10:40 CET | Belgium
Telenet is acquiring KPN's Belgian mobile operator Base for EUR 1.325 billion, more than expected. For Telenet's parent company ...

Telenet koopt Base

Published 20 Apr 2015 07:41 CET | Belgium | Update: 20 Apr 2015 08:53 CET
KPN heeft een overeenkomst bereikt om de Belgische mobiele operator Base Company te verkopen aan Telenet voor een bedrag van ...

Base launches new slogan 'Go mobile'

Published 13 Apr 2015 10:11 CET | Belgium
Belgian mobile operator Base announced the launch of a new slogan, 'Go Mobile'. The new marketing follows its decision to exit ...

Telenet, Voo prepare joint bid for Base - report

Published 02 Apr 2015 09:36 CET | Belgium
Belgian cable operators Telenet and Voo are considering a joint bid for mobile operator Base, L'Echo reports. The negotiations on ...

Belgian mobile market shows signs of improvement, but future uncertain with possible Base sale

Published 23 Mar 2015 11:27 CET | Belgium
The Belgian mobile market is showing small signs of improvement, after the decreases in revenues and customers slowed in 2014. At ...

Belgium Mobile Operators Q4 2014- excel

Published 11 Mar 2015 13:18 CET | Belgium
This EXCEL sheet summarizes all important available KPIs from all mobile network operators in the Belgian market. MNOs covered ...

Base for sale: Altice, Iliad, Tele2 most likely bidders

Published 05 Mar 2015 12:44 CET | Belgium
KPN has put its Belgian unit Base up for sale again, according to Bloomberg. The Dutch operator tried in 2012 to sell Base, but ...

KPN revives plans for Base sale - report

Published 04 Mar 2015 08:42 CET | Belgium
Dutch operator KPN is reviving plans for the sale of its Belgian mobile operator Base, people with knowledge of the matter told ...

Base revenues down in Q4, loses 28,000 customers

Published 04 Feb 2015 14:48 CET | Belgium
Belgian mobile operator Base lost a net 28,000 customers in the fourth quarter, for a total 3.261 million at year-end, down 3.8 ...

Base abandons fixed-line market

Published 17 Dec 2014 09:46 CET | Belgium
KPN's Belgian subsidiary Base is abandoning its fixed broadband offer Snow. First launched in February 2013, the service will be ...