Liberty Global's Belgian unit will buy Royal KPN's
Post# of 17650
Posted On: 04/20/2015 10:25:49 AM
Liberty Global's Belgian unit will buy Royal KPN's (OTCPK:KKPNY) local mobile-phone business Base for €1.33B ($1.43B) as billionaire John Malone enlarges his European cable and telecommunications empire. Telenet (OTCPK:TLGHY) has about 900K mobile subscribers; Base has 3.3M. With Malone expanding through purchases across Europe, Liberty Global (NASDAQ:LBTYA) now owns cable and phone operations stretching from Hungary to the U.K.
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