KPN: ‘We are not vulnerable’

8 Nov 2005

Ad Scheepbouwer, the chief executive of KPN, has scotched suggestions that his company is vulnerable to takeover as consolidation amongst industry players continues apace. Speaking to UK financial daily the Financial Times, Scheepbouwer said ‘We can take care of ourselves very well, thank you’. His comments come just days after Telefonica announced a bid for O2; the Spanish telco is reported to have held informal discussions with KPN, while KPN itself had made overtures to O2 in the past.

Netherlands, KPN