Liberty Global's Telenet to buy KPN's Belgian unit for $1.43 billion

April 20, 2015 6:09 AM

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Liberty Global's Telenet to buy KPN's Belgian unit for $1.43 billion

AMSTERDAM/BRUSSELS (Reuters) - Cable telecoms company Liberty Global's (LBTYA.O) majority-owned Belgian affiliate Telenet (TNET.BR) said on Monday it has agreed to buy local mobile network operator Base from Dutch group KPN (KPN.AS) for 1.325 billion euros ($1.43 billion).

The deal will create a much stronger operator in Belgium's mobile market as fixed and mobile telecom services converge, with estimated sales of 2.4 billion euros and adjusted operating earnings of 1.1 billion euros, Telenet said in a statement.

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