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KPN to increase Reggefiber stake to 60%

Friday 3 January 2014 | 10:48 CET | News
KPN has exercised 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. The price depends on the amount of capital expenditure savings at Reggefiber. If the acquisition secures regulatory approval, KPN will fully consolidate Reggefiber's results. KPN could exercise the option after the start of 2014 or when Reggefiber achieved 1.5 million homes connected. KPN

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