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

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 Write to [email protected] Subscribe to WSJ:

Stock News for Ubs (UBS)
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