0
General

KPN shareholders approve E-Plus sale to Telefonica

Wednesday 2 October 2013 | 16:22 CET | News
The shareholders of KPN have approved the sale of the Dutch operator's German mobile operator E-Plus to Telefonica. KPN is selling the German unit for EUR 8.55 billion, including EUR 5 billion cash and a 20.5 percent stake in the new company created from the merger of E-Plus with Telefonica Deutschland (O2 Germany). The merger of the number three and four players on the German mobile market will allow the companies to approach the market share of leaders Telekom Deutschland and Vodafone. According to research by Telecompaper, E-Plus and O2 had 38.5 percent of customers at the end of June

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: America Movil / E-Plus / KPN / Telefonica
Countries: Germany / Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica Deutschland loses CEO

Published 30 Jan 2014 08:49 CET | Germany
Rene Schuster is stepping down at the end of this month as CEO of Telefonica Deutschland. The company did not give a reason for ...

KPN preview Q4: will it cut capex at Reggefiber?

Published 29 Jan 2014 13:29 CET | Netherlands
KPN will present its annual results for 2013 on 04 February. The ongoing transformation of the company, its operating costs and ...

KPN: 2014 preview

Published 23 Dec 2013 14:22 CET | Netherlands
Wat awaits KPN in 2014? While a number of issues are well-know, we provide a few other possible scenarios for the Dutch ...

German regulator wants to examine O2, E-Plus merger

Published 20 Nov 2013 16:52 CET | Germany
Germany's Federal Cartel Office has lodged an application to the European Commission requesting that the Telefonica ...

Telefonica sales down 9.5%, meets debt reduction target

Published 08 Nov 2013 08:44 CET | Spain
Telefonica reported third-quarter sales down 9.5 percent year-on-year to EUR 14.06 billion, hurt by negative currency effects in ...

Telefonica seeks EU approval to acquire E-Plus

Published 05 Nov 2013 15:43 CET | Germany
Telefonica has filed for EU anti-trust approval for its proposed takeover of German mobile network E-Plus from KPN, reports ...

E-Plus-O2 merger possibility for new operator - BNA

Published 23 Oct 2013 09:25 CET | Germany
The merger between E-Plus and Telefonica Germany opens the market for a new mobile operator according to the president of German ...

KPN revenues down 7.6% in Q3, EBITDA falls 14%

Published 22 Oct 2013 09:14 CET | Netherlands
Dutch operator KPN reported third-quarter revenues down 7.6 percent to EUR 2.08 billion, and EBITDA fell 14 percent year-on-year ...

Telefonica, E-Plus to submit anti-trust docs to EC in Nov

Published 21 Oct 2013 11:50 CET | Germany
Telefonica Germany and KPN subsidiary E-Plus are likely to submit documents to European Union regulatory authorities by ...

KPN says America Movil bid lacked complete package

Published 17 Oct 2013 15:18 CET | Europe
KPN wanted a complete package from America Movil, with financial, non-financial and governance assurances, to reach a possible ...

America Movil abandons KPN takeover bid

Published 16 Oct 2013 23:27 CET | Netherlands
America Movil has abandoned its proposed takeover bid for KPN, after it was unable to reach an agreement with the Dutch company. ...

'Marktaandeel America Movil beneden 50 procent'

Published 14 Oct 2013 09:19 CET | Mexico
Het marktaandeel van America Móvil zal in Mexico de komende jaren flink dalen. Volgens de Mexicaanse senator Javier Lozano zal ...

Telefonica Germany to refresh O2 DSL tariffs from 17 October

Published 09 Oct 2013 15:02 CET | Germany
Telefonica Germany will launch a flat all-in tariff for the fixed network on 17 October. The new DSL offering will include a ...

Almunia says no concerns over E-Plus, O2 deal

Published 03 Oct 2013 15:06 CET | Germany
EU Competition Commissioner Joaquin Almunia told reporters in Vilnius, Lithuania that he has "no concerns" about Telefonica's ...

KPN-aandeelhouders stemmen in met verkoop E-Plus

Published 02 Oct 2013 16:11 CET | Germany
De aandeelhouders van KPN hebben tijdens de algemene aandeelhoudersvergadering ingestemd met de verkoop van E-Plus. KPN verkoopt ...

German mobile service revenues drop 3.5% year-on-year, hurt by lower MTA rates

Published 02 Oct 2013 12:35 CET | Germany
The number of mobile customers in Germany amounted to 113.572 million at the end of June 2013, down by 42,000 year-on-year. ...

KPN to book EUR 3.7 bln loss on E-Plus sale

Published 16 Sep 2013 08:57 CET | Germany
KPN plans to take a book loss of EUR 3.7 billion on the sale of its German subsidiary E-Plus. The company said it reached ...

EC has no objection to market with 3-4 mobile players

Published 05 Sep 2013 11:18 CET | Europe
European Competition Commissioner Joaquin Almunia has no objection in principle to a mobile telecoms market with three or four ...

What can America Movil do with KPN Netherlands and Base?

Published 26 Aug 2013 14:59 CET | Europe
KPN, Telefonica and America Movil have agreed to a higher price for KPN's German subsidiary E-Plus. In addition to EUR 5 billion ...

America Movil agrees support for KPN sale of E-Plus

Published 26 Aug 2013 08:43 CET | Germany
Telefonica has agreed to give KPN a bigger stake in their combined German mobile operators in order to gain approval for the deal ...

KPN shareholders to vote on E-Plus deal 02 October

Published 21 Aug 2013 09:16 CET | Germany
KPN announced an extraordinary shareholders meeting for 02 October to consider the proposed sale of its Germany subsidiary ...

America Movil targets German market with KPN bid

Published 12 Aug 2013 11:36 CET | Germany
America Movil (AMX) has suprised the market with an unsolicited takeover bid for KPN. It's offering EUR 2.40 per share, and the ...

KPN to continue with E-Plus sale

Published 12 Aug 2013 10:12 CET | Germany
KPN is not planning to halt or pause the sale of its German E-Plus unit to Telefonica, De Telegraaf reported. Mexico's America ...

E-Plus Q2: sales growth turns negative

Published 30 Jul 2013 14:48 CET | Germany
KPN announced weak results for the second quarter, but maintained its outlook. The news was somewhat overshadowed by the agreed ...

Telefonica/E-Plus deal could hit objections from regulators

Published 26 Jul 2013 12:09 CET | Germany
The agreement between Telefonica Germany and KPN about the sale of KPN's German subsidiary E-Plus to Telefonica Germany for EUR 5 ...

KPN still needs America Movil to approve E-Plus sale

Published 24 Jul 2013 11:17 CET | Germany
KPN shareholder America Movil (AMX) still has to give its approval to the sale of KPN's German mobile unit E-Plus to Telefonica ...

E-Plus adds 479,000 customers in Q2

Published 23 Jul 2013 11:21 CET | Germany
German mobile network operator E-Plus Group has reported net customer growth of 479,000 for Q2 2013, to end June with a total of ...

Telefonica to acquire E-Plus from KPN

Published 23 Jul 2013 08:41 CET | Germany
KPN has agreed to sell its German mobile operator E-Plus to Telefonica for EUR 5 billion in cash and a 17.6 percent stake in ...