KPN acquires remaining 40% stake in Reggefiber
November 18, 2014
KPN has reached an agreement with joint-venture partner Reggeborgh to acquire the remaining 40 per cent stake in Reggefiber and obtain 100 per cent ownership for €610 million.
Joost Farwerck, Member Board of Management KPN, commented:
“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. 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.”