Dutch telco KPN has acquired the 40% it did not already own in fibre-to-the-home provider Reggefiber for €610 million.
KPN is using the proceeds from the sale of its E-Plus German mobile subsidiary to Telefónica to finance the acquisition, in line with the stated aim of its strategy in the Netherlands and Belgium.
KPN said it would redeem €500 million of external debt at Reggefiber in the fourth quarter.
“We are pleased to have obtained full ownership of Reggefiber and aim to learn and make use of the vast amount of expertise which is present within Reggefiber,” said Joost Farwerck, member of the board of management at KPN.
“The efficient way of building and operating a passive infrastructure, the local operational approach and the FttH knowledge centre will be of great value to KPN’s operations. KPN will continue to focus on executing its hybrid upgraded copper/FttH strategy in The Netherlands to provide high quality broadband services to our customers.”
.@netflix caps off record year with 200 million subscribers digitaltveurope.com/2021/01/20/net… https://t.co/2b4Jl7A6ys
20 January 2021 @ 11:10:09 UTC
ICYMI: @ITV seeks new chair; Richard Sharp appointment confirmed at @BBC digitaltveurope.com/2021/01/19/itv… https://t.co/9urYgJR0qb
19 January 2021 @ 21:00:00 UTC
ICYMI: @DisneyPlusHS at considerable lead over Netflix and local competitors in Indonesia digitaltveurope.com/2021/01/19/dis… https://t.co/XJXdkhO7bm
19 January 2021 @ 20:00:01 UTC
ICYMI: The Serpent and A Perfect Planet lead to record-breaking year start for @BBCiPlayer digitaltveurope.com/2021/01/19/the… https://t.co/hHH0Ly2Iui
19 January 2021 @ 19:00:01 UTC
.@WarnerMedia alum Kevin Reilly emerges at Israeli AI firm Deepdub digitaltveurope.com/2021/01/19/war…
19 January 2021 @ 18:30:00 UTC