Royal KPN Said to Weigh Sale of BASE Belgian Mobile Unit

Royal KPN NV, the Netherlands’ largest phone company, is considering a sale of its Belgian mobile-phone unit that could fetch 1.8 billion euros ($2.4 billion), according to people familiar with the situation.

The BASE unit, Belgium’s third-largest mobile operator, will probably attract interest from private equity firms such as Apax Partners LLP, the people said, declining to be identified as the plans are private. Deliberations are at an early stage, and no formal auction process has been established, the people said. Initial information may be sent to potential buyers in May, one of the people said.