By Jonathan Easton
Liberty Global is mulling selling off its Belgian tower business.
According to a report from Bloomberg, the telco is considering a sale of the Telenet unit in a deal worth at least €600 million(US$695.67million).
Telenet’s portfolio is made up of around 3,000 towers, and the company is Belgium’s largest cable TV operator. Sources said that the unit is working with Goldman Sachs on a potential deal.
The report goes on to say that a sale could attract private equity firms, along with strategic suitors. However, it notes that there’s no certainty that talks will result in a sale.
Liberty Global and Telenet are yet to comment on the story.
Last month, Liberty Global returned to the German market via a partnership between Liberty Global Ventures and private equity firm InfraVia Capital Partners. The company will create a new 50:50 joint venture that will assess the opportunity to build fibre-to-the-home networks in the country.
