Deals
KPN Weighs Strategic Options for Belgian Mobile-Phone Div
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Royal KPN NV, the Netherlands’ largest phone company, said it is reviewing the future of its Belgian mobile-phone unit, a business that may fetch 1.8 billion euros ($2.3 billion) in a potential sale.
KPN has started “a comprehensive review” of the BASE division, the company said today. BASE, Belgium’s third-largest mobile-phone operator, will probably attract interest from private equity firms such as Apax Partners LLP, according to people familiar with the situation who declined to be identified as the plans are private. KPN shares rose 0.94 percent to 7.12 euros at the close in Amsterdam. The stock trades without rights to the latest dividend today.