Royal KPN N.V.09-Jun-2021 / 17:45 CET/CEST KPN and APG announce start of fiber company "Glaspoort"Rotterdam, 9 June 2021 - Royal KPN N.V. (KPN) and APG announce the closing of the transaction to create a new fiber joint venture. Following signing on 23 March 2021 and the approval of the Dutch Authority for Consumers & Markets, the joint venture - named "Glaspoort" and headquartered in Amsterdam - will start its operations as per today. The scope of the JV has increased by ~75k households. As a r
Sweden's EQT is still interested in buying Dutch telecom KPN, two sources familiar with the matter said on Monday, even as shares in the company slid after it rejected the private equity firm's takeover proposal. KPN said on Sunday the proposal by EQT AB and another by KKR of the United States, which it has also rejected, lacked merit. Separately the Dutch government repeated it has the power to block unwanted takeovers of telecommunications companies.
"Boards of KPN concluded that both approaches fail to provide tangible and material added value over KPN’s recently updated growth strategy," the company said in a statement. It said there had been no discussions or negotiations with EQT, Stonepeak or KKR, adding that the EQT-Stonepeak proposition did not include an offer price. In April, the Wall Street Journal reported that private investors, including EQT, sought to pay 3 euros per share for the top Dutch telecoms provider.