KPN given the green light for Nozema acquisition

8 Mar 2006

The Netherlands Mergers and Monopolies Authority (NMa) has approved KPN’s takeover of Dutch radio and TV broadcaster Nozema, on condition that the PTO sells a portion of the latter’s transmission masts. KPN is paying EUR75 million for the company to develop into a provider of different media such as high speed internet access and IPTV. Through Nozema, it hopes to offer digital television via ether throughout the Netherlands. Nozema owns a 40% stake in digital TV provider Digitenne, while KPN owns a further 40%, lifting its effective holding to 80%.

Netherlands, KPN