Liberty Global reportedly considering €600 million Belgian sale

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. 

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.