KPN has acquired the fiber network of Primevest Capital Partners in the Netherlands. Financial terms were not disclosed.
The Primevest network consists of 127k homes passed in urban areas in The Hague, Rotterdam and Eindhoven.
KPN said the dea is in line with its strategy to expand its fiber network and cover ~80% of the Netherlands with fiber by 2026. KPN has an open access network through which wholesale providers can offer their services.
Wouter Stammeijer, Chief Technology & Digital Officer and member of the Board of Management of KPN: “The acquisition of Primevest’s fiber network is a welcome addition to our existing fiber footprint, which totals 4 million households. We’ve been making strong progress with our fiber roll out, which is at the heart of our strategy. In the next few years we will be fully focused to complete this project.”
