KPN Attracting Bids for Its German Mobile-Phone Towers -Bloomberg

Date : 07/23/2012 @ 3:52PM
Source : Dow Jones News
Stock : Thc Farmaceuticals, (PN) (CBDG)
Quote : 0.69  0.18 (35.29%) @ 4:00PM

KPN Attracting Bids for Its German Mobile-Phone Towers -Bloomberg

Macquarie Group, Ltd. (USOTC:MQBKY)
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Funds managed by EQT Partners AB and Macquarie Group (MQBKY) are among parties interested in bidding for Royal KPN NV's (KKPNY) German mobile-phone towers, Bloomberg News reported Monday citing four people familiar with the matter.

The towers, run by German telecommunications operator E-Plus, could be sold for about 300 million euros ($364 million), the people told Bloomberg.

KPN has hired UBS AG (UBS) to prepare documents for the sale and a deal might be wrapped up in the third quarter, according to the people.

A KPN spokesman and a Macquarie spokeswoman declined to comment, while an EQT official couldn't immediately be reached for comment, Bloomberg reported.

Full story at http://www.bloomberg.com/news/2012-07-23/kpn-german-towers-said-to-draw-bids-from-eqt-macquarie.html

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