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General

KPN's low valuation, not the synergies, attracts EQT's interest

Tuesday 13 October 2020 | 16:24 CET | Author: Tim Poulus | Market Commentary
EQT is considering a takeover bid for KPN, according to a report from Bloomberg. There were few details in the story, but EQT is unlikely to be interested in synergies, as in most takeovers. The investor has seen that KPN, which is on its way to becoming a fibre company, is heavily under-valued. Rolling out a fibre network these days is becoming a licence to print money.  KPN's defensive constructions have added a discount to its share price. If EQT can overcome these, the company is likely to offer a significant premium on KPN's current price. 

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Categories: General
Companies: CAIW / Delta / Deutsche Glasfaser / Digitenne / Inexio / Kcom / KPN / T-Mobile Nederland / Ziggo
Countries: Netherlands
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