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KPN revives plans for Base sale – report

KPN revives plans for Base sale – report

Dutch operator KPN is reviving plans for the sale of its Belgian mobile operator Base, people with knowledge of the matter told Bloomberg.

KPN, which is working with JPMorgan Chase on the possible disposal, may seek about EUR 1 billion for the unit, the report said. Base reported EUR 711 million in sales and EBITDA of EUR 149 million in 2014. KPN tried to sell Base in 2012, but the process was halted after the company received “unsatisfactory” bids. After selling its German unit E-Plus last year, Belgium is the only country where KPN is active outside its home market.

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