The Dutch incumbent KPN has acquired the fibre network of Primevest Capital Partners for an undisclosed fee.
Commenting on the transaction, Wouter Stammeijer, chief technology & digital officer and member of the board of management of KPN, said: “The acquisition of Primevest’s fibre network is a welcome addition to our existing fibre footprint, which totals 4 million households. We’ve been making strong progress with our fibre roll out, which is at the heart of our strategy. In the next few years we will be fully focused to complete this project”.
KPN say it is rolling out fibre throughout the Netherlands and is also the largest provider of fibre services in larger cities. This acquisition further strengthens that leading position.
The telco has an open access network through which wholesale providers can offer their services.
The transaction is expected to close by the end of this month.