KPN, a number one telecommunications firm within the Netherlands, has introduced the acquisition of Primevest Capital Companions’ fibre networks to solidify its place in main cities. The deal includes taking up 127,000 houses in The Hague, Rotterdam, and Eindhoven. This acquisition aligns with KPN’s formidable plan to offer fibre connections to roughly 80 p.c of the Netherlands by the tip of 2026.
Additionally Learn: KPN Checks 5G Standalone Community in Netherlands
KPN expressed enthusiasm concerning the acquisition, stating, “This takeover is a welcome addition to our current fibre community. Now we have now changed our copper community with fibre optics on roughly 4 million addresses, a major achievement on the core of our technique. We’ll proceed our work with full vitality within the coming years.”
Open Community Promotes Competitors and Service Variety
KPN is already the biggest supplier of fibre networks in main Dutch cities, and this acquisition additional strengthens its main place. By integrating Primevest’s networks, KPN goals to supply its prospects one of the best expertise on a contemporary, sustainable, and future-proof community. Notably, KPN’s community is open, permitting different telecom service suppliers to leverage the infrastructure and ship their providers to prospects.
Additionally Learn: Open Dutch Fiber Expands Fiber Community Capabilities With TOF Group Acquisition
Transaction Completion
The transaction is anticipated to be finalized by the tip of June 2023; nevertheless, no monetary particulars have been disclosed right now.
KPN’s acquisition of Primevest’s fibre networks underscores its dedication to delivering superior connectivity options and assembly the evolving wants of shoppers in main Dutch cities. The transfer represents one other important step in KPN’s mission to construct a future-ready, linked nation.
