KPN Mulling Sale of Belgian Subsidiary

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Netherlands based KPN is reported to be mulling a USD2.4 billion sale of its Belgian subsidiary Base.

Citing people familiar with the issue, Bloomberg News reported that the company, the third-largest in the country could appeal to private equity investors. Initial sales documents may be sent to investors next month.

A spokesman for KPN declined to comment on any potential sale.

On the web: Bloomberg News

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Tags: kpn  Belgium 

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