THE HAGUE, The Netherlands -- KPN is selling its 23 large telecommunications towers and transferring the use of an additional one to the French transmission network services specialist TDF S.A. In doing so, KPN is meeting the condition set by the Dutch Competition Authority NMa when KPN acquired Nozema. At the time, KPN indicated that it does not view the ownership of these towers as core business. KPN’s transmitting equipment for telephone, data, radio and television will remain in the towers, for which KPN and TDF have signed a ten-year lease. The operational management of the towers which was transferred to Novec in March 2006 will also go to TDF including five KPN employees.

The NMa has yet to approve the deal, which covers only the company’s large telecom towers like the ones in Lopik, Rotterdam, Smilde and The Hague.

KPN Telecom NV (NYSE: KPN)