KPN confirms interest in Austria’s ONE if E.ON decides to sell

20 Nov 2006

Dutch incumbent fixed line and mobile operator KPN has confirmed it would be interested in buying into Austrian cellular operator ONE, the country’s third largest player, if majority shareholder E.ON decides to sell its 50.1% stake. KPN spokesman Marinus Potman said last Friday that KPN ‘would seriously look’ at ONE, if the operator comes up for sale, adding that it was always keen to examine opportunities to strengthen its business portfolio ‘in countries surrounding our existing operations’. KPN already has a hand in mobile operators in Germany, the Netherlands and Belgium, and is waiting on news suggesting that E.ON is looking to exit ONE as it regards it as a ‘non-core’ asset. The former Dutch monopoly could have a fight on its hands however, as sources close to the deal have told Dow Jones that ONE’s minority shareholder France Télécom is also keen to gain control of the Austrian mobile operator and is considering buying out all its other shareholders.

Austria, KPN, Orange Austria