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Koninklijke KPN NV Increases Stake in Joint-Venture Reggefiber to 51%-DJ

Tuesday, 13 Nov 2012 02:01am EST 

Dow Jones reported that Koninklijke KPN NV (KPN) announced that the Company has increased its stake in joint-venture Reggefiber with 10% from 41% up to 51% for EUR 99 million. As outlined before there are three options to increase KPN's ownership based on a pre-defined timeline alongside operational milestones. In October 2012, Reggefiber reached the 1 million Homes Connected and consequently the first option became exercisable. Following this transaction, Reggefiber will not be consolidated. Further details were not disclosed. 

Company Quote

0.045 +1.53%
3:59pm EDT