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Broadband

KPN may face full Reggefiber buy-out this year

Monday 6 January 2014 | 12:56 CET | Author: Corina Schultz, Tim Poulus | Background
KPN has agreed to increase its stake in Reggefiber to 60 percent. The price still needs to be fixed, but as previously disclosed, it should be in the range of EUR 116-161 million. The regulator ACM also still needs to clear the acquisition. In November 2012, KPN raised its stake from 41 to 51 percent for EUR 99 million. If the latest deal gets regulatory approval, KPN will assume control of Reggefiber and consolidate its results.

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Categories: Fixed
Companies: E-Plus / KPN / Reggefiber / Telefonica Deutschland
Countries: Netherlands
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