Telenet’s BASE buy likely to get green light

22 Jan 2016

Multinational cable TV group Liberty Global is set to gain European Commission (EC) clearance for its EUR1.3 billion (USD1.4 billion) purchase of the Belgian mobile operator BASE Company from KPN of the Netherlands. According to a report from Reuters, which cites ‘two people familiar with the matter’, concessions offered by Liberty Global are likely to see the buyout pushed through. The acquisition is being made via Liberty Global’s Belgian unit, Telenet. The concessions Telenet has offered to help smooth the way for the deal include the sale of BASE’s 50% interests in two local MVNOs – Mobile Vikings and JIM Mobile – to broadcaster Medialaan. The EC is due to brief Belgium’s competition authorities on the deal this week; it had earlier said that it would deliver its final ruling on the acquisition by 17 March.

Belgium, BASE Company, Liberty Global (incl. LGI), Telenet (incl. BASE)