Liberty Global eyes KPN Belgium

Liberty Global Chief Executive Officer Mike Fries said he will take a look at Royal KPN’s Belgian unit that the Dutch phone company has put up for sale.

“We’ll take a look at it, whether it’s something we’ll do is hard to say,” Fries said in an interview. “We looked at Switzerland too when Orange was sold, and we didn’t do that.”

KPN, the largest Dutch telco, began a review in April of the future of the Belgian BASE division, which people familiar with the matter said may fetch about €1.8 billion in a sale. Private equity firms including Bain Capital LLC and CVC Capital Partners are among those that may make an offer.

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