KPN acquires full control of Reggefiber

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 […]

Telefónica closes E-Plus acquisition

Telefónica has closed its acquisition of German mobile operator and KPN subsidiary, E-Plus, establishing it as the leading mobile operator in Germany. The confirmation comes after the European Commission gave final clearance to the deal last month and marks what Telefonica described as the beginning of “the new Telefónica Deutschland.” The new company claims to […]

Telefonica Deutchland’s acquisition of E-Plus cleared by EU

Telefonica Deutschland’s acquisition of E-Plus, a subsidiary of Dutch telecoms group KPN, has received final clearance from the European Commission.  Telefónica Deutschland said it is confident it will now close the acquisition by the end of the month, with Telefónica Deutschland now due to execute the capital measures to finance the transaction. “With the final […]

KPN approves sale of E-Plus

Dutch telecom incumbent KPN has approved the sale of its German subsidiary E-Plus to Telefónica Deutschland for €5 billion in cash and a 20.5% stake in Telefónica’s German unit.  The deal is subject to regulatory approval. KPN will use the proceeds to increase its financial flexibility to recommence dividend payments to its shareholders.

Telefónica wins backing for KPN German subsidiary takeover

Telefónica has improved its offer for Netherlands-based KPN’s German mobile operator E-Plus, winning the approval of KPN’s biggest shareholder America Movil. As part of the improved terms, KPN will receive €5.0 billion in cash and a 20.5% stake in Telefónica Deutschland post transaction, for a total transaction value of €8.55 billion. This compares to the […]