KPN acquires Primevest fibre optic networks
Dutch incumbent operator KPN has acquired Primevest Capital Partners’ fibre optic networks – a total of 127,000 addresses in the cities of The Hague, Rotterdam and Eindhoven.
KPN is rolling out fibre and replacing copper throughout the Netherlands. It aims to strengthen its position with the Primevest network acquisition. The company operates an open network, so other providers can use it to deliver their services.
Wouter Stammeijer, Chief Technology & Digital Officer and member of the Board of Directors of KPN says: “This acquisition is a welcome addition to our existing fibre network. We have now replaced our copper network with fibre optic at approximately 4 million addresses. A major achievement and at the heart of our strategy. We will complete the work with full energy in the coming years.”
The transaction is expected to close at the end of June.