Belgian cablecos circle BASE

2 Apr 2015

The Belgian cable TV groups Telenet and VOO are rumoured to be preparing a joint offer for the smallest of the country’s three mobile providers, BASE Company, which has been put up for sale by its Netherlands-based parent KPN. A report from L’Echo suggests that negotiations between the two cable groups are already at an advanced stage, though an offer has not yet been made to KPN. One sticking point in a possible deal would be that Telenet currently has an agreement to resell cellular services using the networks of BASE’s rival cellco Mobistar. Telenet and VOO are not the only firms circling BASE; Luxembourg-based Altice Group, which owns Belgian cableco Numericable, and France’s Iliad Group are also thought to be interested. As reported by TeleGeography’s CommsUpdate last month, KPN is said to be working with US-based financial services firm JPMorgan Chase on the sale of BASE, and is seeking offers in the region of EUR1 billion (USD1.1 billion) from strategic bidders and buyout firms.

Belgium, BASE Company, Telenet (incl. BASE), VOO