KPN Expands Fiber Footprint in Major Dutch Cities With Primevest Acquisition

Reported by Srikapardhi June 20th, 2023 at 12:35 am

KPN strengthens its position in major Dutch cities through the acquisition of Primevest's fiber networks, further advancing its goal to provide extensive fiber coverage nationwide.

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Highlights

KPN acquires Primevest's fiber networks, encompassing 127,000 homes in The Hague, Rotterdam, and Eindhoven.
The acquisition aligns with KPN's ambition to provide fiber connections to 80 percent of the Netherlands by 2026.
KPN solidifies its position as the leading provider of fiber networks in major Dutch cities.

KPN Expands Fiber Footprint in Netherlands with Acquisition of Primevest's Networks

KPN, a leading telecommunications company in the Netherlands, has announced the acquisition of Primevest Capital Partners' fibre networks to solidify its position in major cities. The deal involves taking over 127,000 homes in The Hague, Rotterdam, and Eindhoven. This acquisition aligns with KPN's ambitious plan to provide fibre connections to approximately 80 percent of the Netherlands by the end of 2026.

Also Read: KPN Tests 5G Standalone Network in Netherlands

KPN expressed enthusiasm about the acquisition, stating, "This takeover is a welcome addition to our existing fibre network. We have now replaced our copper network with fibre optics on approximately 4 million addresses, a significant achievement at the core of our strategy. We will continue our work with full energy in the coming years."

Open Network Promotes Competition and Service Diversity

KPN is already the largest provider of fibre networks in major Dutch cities, and this acquisition further strengthens its leading position. By integrating Primevest's networks, KPN aims to offer its customers the best experience on a modern, sustainable, and future-proof network. Notably, KPN's network is open, allowing other telecom service providers to leverage the infrastructure and deliver their services to customers.

Also Read: Open Dutch Fiber Expands Fiber Network Capabilities With TOF Group Acquisition

Transaction Completion

The transaction is expected to be finalized by the end of June 2023; however, no financial details have been disclosed at this time.

KPN's acquisition of Primevest's fibre networks underscores its dedication to delivering superior connectivity solutions and meeting the evolving needs of customers in major Dutch cities. The move represents another significant step in KPN's mission to build a future-ready, connected nation.

Reported By

Srikapardhi Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.