8 Dec 2017
Dutch telecoms group KPN has issued a statement denying recent market rumours that it would change its strategy and pursue foreign takeovers. KPN – which earlier in the week revealed the appointment of a new CEO, Maximo Ibarra – stated that it is ‘in a strong position today’ and that ‘the Supervisory Board fully supports the current strategic direction of KPN to further strengthen its position in the Dutch market’. It underlined that ‘KPN’s M&A strategy is focused on small in-country acquisitions and it has no plans to make international acquisitions’.
TeleGeography’s GlobalComms Database notes that KPN sold its French and Spanish units in 2012, and in October 2014 merged its German subsidiary E-Plus into Telefonica Deutschland (where KPN’s remaining 9.5% stake is classed as ‘available-for-sale’) before offloading its Belgian division BASE Company in February 2016, leaving the group largely focused on the Netherlands, although its wholly-owned international carrier/mobile VAS provider iBasis is based in the US.