Telenet, KPN lead European shares higher after Belgian deal

April 20, 2015 8:01 AM

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LONDON, April 20 (Reuters) - European shares edged higher early on Monday, led by the telecoms sector after Telenet's move to buy KPN's mobile telephony unit in Belgium.

Belgium's Telenet, a subsidiary of cable company Liberty Global, rose 4 percent after agreeing to acquire KPN's BASE Company for 1.33 billion euros ($1.4 billion), sending shares in the Dutch firm up 2.4 percent.

Also read: UPDATE 1-TDC loses major contract with Novo Nordisk to Telenor

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