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Europe

KPN Bid Rumor

9:20 AM -- It's back!! Only days into 2008 and market talk that Telefónica SA (NYSE: TEF) is interested in buying KPN Telecom NV (NYSE: KPN) has resurfaced, sending the Dutch national operator's share price up by nearly 10 percent to €13.51.

See this Bloomberg report for the details.

The rumor is not a new one -- the two carriers have been linked a number of times in the past few years. (See Dutch Put KPN on the Block.)

Telefónica is already one of Europe's (and the world's) biggest operators, with fixed-line operations in Germany and the Czech Republic along with its pan-European Telefónica Europe plc (O2) mobile empire. KPN has mobile assets in Belgium and Germany as well as its domestic operations.

— Ray Le Maistre, EuroRumors Editor, Light Reading

Scott Raynovich 12/5/2012 | 3:50:19 PM
re: KPN Bid Rumor Right-o... we've been waiting for that! it's one reason it's one of our top ten:

http://www.lightreading.com/bl...

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