Dutch telco KPN and pension fund ABP have announced a joint investment worth over EUR1 billion (USD1.19 billion) over five years to install fibre-optic broadband connections in nearly 1,000 villages and small residential centres alongside 1,400 industrial estates, several years earlier than previously expected. KPN previously planned to cover 2.5 million additional households in larger municipalities with fibre-to-the-home (FTTH) networks in five years to reach a total FTTH footprint of over five million homes, but via the collaboration with ABP it intends to accelerate FTTH rollout to cover another 700,000 households and 200,000 business premises in smaller settlements and industrial estates/business parks by the end of 2026. By that date KPN targets 80% FTTH household coverage of the Netherlands including the infrastructure built via the new joint venture.
The KPN-ABP partnership involves the establishment of a new company, 50/50 owned by KPN and APG (ABP’s pension provider), to build, operate and maintain an open fibre network via which KPN and its competitors can offer internet, TV, voice and other services to end users. The venture is expected to commence in the second quarter of 2021, pending regulatory approval.