KPN shares jump on Telefonica speculation

7 Jan 2008

Shares in Dutch incumbent Royal KPN leapt in trading late last week amid speculation that Telefonica of Spain is interested in making a bid for the company. Bloomberg quotes brokers in Amsterdam as confirming ‘there are rumours in the market about Telefonica being interested in KPN’, although the Spanish firm declined to comment and KPN’s Bram Oudshoorn said ‘There are no merger talks.’

Netherlands, KPN, Telefonica