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Wireless

Telenet considers bid for KPN's Base

Wednesday 23 May 2012 | 09:24 CET | News
Belgian cable operator Telenet is in talks with private equity firms about staging a joint bid for KPN unit BASE, Reuters reported, citing people familiar with the process. Blackstone, Cinven, Providence, Bain and KKR are among possible partners, the people said. KPN recently received a bid for 28 percent in Base from America Movil but said the amount offered undervalued the stake. KPN could raise EUR 1.6-1.8 billion from the sale of Base, based on estimates derived from the company's EBITDA for 2012. KPN declined to comment. Telenet, controlled by Liberty Global via a 50.2 percent stake, is

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Categories: Mobile & Wireless
Companies: America Movil / KPN / Lazard / Liberty / Liberty Global / Mobistar / Telenet
Countries: Belgium / Netherlands
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