Liberty Global subsidiary agrees to acquire BASE
DetailsMichelle Clancy | 21 April 2015
Liberty Global subsidiary Telenet Group has agreed to acquire BASE Company, the third largest mobile network operator in Belgium.
It's an all-cash transaction valuing BASE Company at Ä1.325 billion.
The company said that the acquisition will enable Telenet to compete more effectively in a mobile market, while offering a full range of fixed and mobile services to the benefit of consumers and businesses in Belgium.
"We fully support Telenet's acquisition of BASE, which represents a cost-effective and unique opportunity to expand Telenet's mobile and fixed business in Belgium," said Mike Fries, CEO of Liberty Global. "Given Telenet's scale in Belgium, it can absorb the smaller BASE business quickly and efficiently. Elsewhere in Europe we will continue to focus primarily on our existing MVNO arrangements and rapidly developing Wi-Fi networks to provide seamless mobile voice and data services to our customers."