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KPN buys rest of Reggefiber for EUR 610 million

Tuesday 18 November 2014 | 08:47 CET | News
KPN has agreed to acquire the remaining 40 percent in its FTTH joint venture Reggefiber for EUR 610 million. At the end of October, KPN received regulatory clearance to raise its stake in Reggefiber to 60 percent. The additional 9 percent bought then from Reggeborgh cost EUR 161 million and gave KPN management control of the venture. It will now buy the rest of Reggeborgh's stake, as well as pay off EUR 500 million in external loans at Reggefiber. KPN said the acquisition is part of the company's plans to devote the proceeds from selling E-Plus in Germany to strengthening the operator's

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