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Broadband

KPN files for regulatory approval of Reggefiber deal

Thursday 13 February 2014 | 10:29 CET | News
KPN has filed for regulatory approval of its proposed acquisition of a bigger stake in Reggefiber. KPN announced in January plans to exercise an option to increase its stake in Reggefiber, its FTTH joint venture with Reggeborgh. KPN will acquire an additional 9 percent stake in the company, taking its holding to 60 percent. The price will be finalised in the coming weeks and is expected to range from EUR 116 to 161 million. If the acquisition secures approval from regulator ACM, KPN will fully consolidate Reggefiber's results. 

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Categories: Fixed
Companies: ACM / KPN / Reggefiber
Countries: Netherlands
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