KPN sells iBasis to France's Tofane Global

Thursday 8 March 2018 | 08:31 CET | News

KPN has agreed to sell its US-based wholesale unit iBasis to Tofane Global, a provider of international carrier services based in Paris for an undisclosed price. KPN said the sale falls in line with its 'Simplification, Growth, Innovation' strategy for focus on its home market the Netherlands. 

Under the deal, iBasis will continue to provide voice and data services to KPN. The unit last year reported revenues of EUR 705 million and an EBITDA of EUR 24 million.

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