KPN open to cross-border consolidation

13 Nov 2015

The CEO of Dutch telecoms group KPN has hinted that the company would consider a merger with a foreign telco in the face of increasing competition in its domestic market. A Reuters report quotes chief executive Eelco Blok as saying: ‘When somebody wants to have discussions with us, we will be open for a discussion. But so far nobody knocks on our door.’ Reuters reported in January that Germany’s Deutsche Telekom (DT) was considering a buyout of KPN. Since then, DT has put its Dutch unit T-Mobile Netherlands up for sale, while KPN has been reducing its stake in its sole overseas holding, Telefonica Deutschland of Germany, and says it will continue to assess the future for its German holding from quarter-to-quarter. If KPN and DT did exit the other operator’s respective market then, with no overlapping footprint, a merger could be on the cards.

Netherlands, Deutsche Telekom (DT), KPN