Dutch Authority Blocks Glaspoort Acquisition, KPN To Review Decision
(RTTNews) - Koninklijke KPN N.V. (KPN.AS, KKPNY, KPN), a Dutch telecommunications and IT provider, responded to the decision by the Dutch Authority for Consumers and Markets or ACM to prohibit Glaspoort's proposed acquisition of about 200,000 fiber-to-the-home connections from DE
(RTTNews) - Koninklijke KPN N.V. (KPN.AS, KKPNY, KPN), a Dutch telecommunications and IT provider, responded to the decision by the Dutch Authority for Consumers and Markets or ACM to prohibit Glaspoort's proposed acquisition of about 200,000 fiber-to-the-home connections from DELTA Fiber.
KPN said it regrets the decision, and will review it with the parties involved in the transaction and assess possible next steps.
The company said that while each ACM ruling should be assessed on its specific merits, the parties do not see why the relatively small transaction warrants the strongest measure available to the regulator, namely a prohibition.
On Monday, KPN closed trading 0.28% higher at EUUR 4.3560 on the Amsterdam Stock Exchange.
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