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KPN acquires Solcon

Thursday 29 June 2017 | 18:23 CET | News

KPN has acquired Dutch regional ISP Solcon, a provider of internet, (mobile) telephony, hosting, television and secure email services for both individuals and businesses. With the acquisition, KPN strengthens its position in the broadband services market. The transaction was completed at the end of June. No financial details were given.

Solcon serves around 45,000 private customers with internet, fixed and mobile telephony, and TV services. For the business market, the company provides hosting, internet and data centre services. The ISP has about 75 employees and will continue to operate under its own brand name. Solcon, based in Dronten, was founded by CEO Peter van der Vlies in 1996.

KPN COO Frank van der Post gave a comment on the acquisition, saying that Solcon’s mission - providing safer and manageable internet for everyone - is in line with KPN's strategy to supply innovative products and services across leading networks. Van der Vlies said Solcon went with the deal in order to enter a new phase of growth.

Following the acquisition, KPN’s share of the broadband market will rise to 41.1 percent, from 40.4 percent, based on Telecompaper's first quarter figures and if all 45,000 Solcon customers take up broadband. Ziggo remains the largest broadband provider with 43.4 percent.

According to figures from Telecompaper, Solcon achieved revenues in 2015 of EUR 26.4 million.



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