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May 24, 2006
THE HAGUE, The Netherlands -- KPN will acquire Dutch Telecom Company Enertel N.V. from the investment company Greenfield Capital for a total consideration of EUR 10 million. This takeover strengthens KPN’s position in the new world of IP-based services and further consolidates its position in the traditional markets like dial-in services and leased line connections. Enertel's data centre will give KPN additional capacity to service its customers in the growing market for hosting services. Furthermore, the more than 200 hotspot locations of Enertel will be incorporated into KPN Hotspots, boosting KPN’s position in the WiFi hotspot market in the Netherlands.
The transaction, however, excludes Enertel’s WLL license and its related business which will remain at Greenfield Capital who will continue to run it. KPN's takeover of Enertel will be subject to the approval of the Dutch Competition Authority (NMa).
KPN Telecom NV (NYSE: KPN)
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