KPN Belgian Sale Said to Attract Xavier Niel, Bain, CVC

French telecom billionaire Xavier Niel, Bain Capital LLC and CVC Capital Partners Ltd. are among those that may bid for Royal KPN NV’s Belgian mobile phone unit, people with knowledge of the situation said.

Buyout firms Apax Partners LLP and Providence Equity Partners Inc. are also considering bids for the unit known as BASE, said the people, who declined to be identified as the preparations are private. KPN, the Netherlands’ largest phone company, this week said it was beginning a “comprehensive review” of the future of BASE, which people familiar with the matter said may fetch about 1.8 billion euros ($2.4 billion) in a sale.