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KPN will have full control over Reggefiber
KPN may get 60 percent of fiber farmer Reggefiber in hands, the Authority Consumer and Market judged. KPN now has 51 percent of the company owned. KPN competitors must continue to provide access to its networks, find the market watchdog.
KPN Which will now market watchdog ACM acquire Reggefiber approved, completed on 1 November, KPN announced Friday. KPN had 51 percent of the shares in Reggefiber in hands, but the remaining 9 percent ensure that KNP get full control of the company.
At the same time takes the ACM that KPN should continue to give competitors access to its DSL and fiber network. If that would not happen, would KPN and UPC, Ziggo – which will soon merge into one mega provider – dominate the market and there is no “healthy competition,” says the ACM. This is a preliminary decision; the market watchdog is now collecting feedback.
KPN said earlier this month that the company finds it unfair that it must give competitors access to its network, while the new mega provider UPC, Ziggo does not have to. According to market watchdog ACM is the fiber and DSL network is better suited to allow multiple parties to it; on the cable network is that only “very limited” possible by the technique used. And usually is not a business cable network, while KPN provides services there, said the market watchdog.
We pay 161 million euros for the shares. KPN Until mid 2017 for approximately 650 million euro also take over the remaining 40 percent of the fiber farmer.
Earlier this month, got Liberty Global, the parent company of UPC, Ziggo approval to take over. UPC and Ziggo will now merge into a mega provider who will operate under the name Ziggo. As a result of the acquisition disappears estimated 20 percent of jobs at UPC and Ziggo.Viewing:-182
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