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KPN acquires full control over E-Plus

Thursday 14 March 2002 | 09:10 CET | News
Royal KPN completed the acquisition of BellSouth' 22.51% stake in E-Plus. Royal KPN now has full control of E-Plus. In exchange for its interest in E-Plus, BellSouth received 234.7 million newly issued ordinary shares of Royal KPN representing a market value of Euro 1.253 million. As previously announced BellSouth surrendered its existing warrant on KPN shares, all of its rights regarding KPN Mobile and all of its contingent rights pertaining to KPNQwest. The newly acquired interest of 22.51% in E-Plus will be held directly by Royal KPN. KPN Mobile holds the remaining 77.49%. As a result of

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Categories:
Companies: E-Plus / KPN / KPNQwest
Countries: Netherlands
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