KPN to pay Greenfield Capital USD12.85 million for Enertel

24 May 2006

The Netherlands’ largest telecoms company KPN is buying Dutch rival Enertel from Greenfield Capital for EUR10 million (USD12.85 million), according to Telecompaper. The deal, which does not include Enertel’s WiLL licence and its related business which will remain at Greenfield Capital, will increase KPN’s presence in the IP-based services market

Founded in 1994, Enertel is an independent data traffic and telecom services provider specialising in voice, data and internet solutions. It launched its first telephony and access services to both private and business customers in June 1997 when the market was liberalised. The company was taken over by Energis of the UK in November 1999, and sold on to Greenfield Capital Partners, an independent corporate investment company, when the British firm opted to focus on its domestic operations in 2002. Enertel acquired hotspot operator WinQ in June 2004 and has been offering wireless broadband services based on WiMAX technology since October 2004. The operator’s Wireless Connect offers a point-to-point connection with symmetrical transmission speeds of 5Mbps in Rotterdam, Amsterdam, The Hague, Eindhoven and Utrecht. In addition to this, local business parks are being opened up in partnership with other service providers. Enertel primarily offers services for the business market, focusing on three segments – ISPs and media companies, corporates, and telecom operators.

Netherlands, KPN