KPN snaps up MobilCom UMTS assets

13 May 2003

Dutch telecoms group KPN has confirmed that its German mobile subsidiary E-Plus is set to acquire 3,723 3G base station sites from rival MobilCom, for EUR20 million. Last week it was rumoured that KPN was close to securing an agreement with MobilCom, which has abandoned its plans to enter the third-generation mobile market.