Thursday, December 8, 2011

KPN Continues Exit from Mobile Tower Business

KPN has agreed to sell part of its Dutch mobile towers portfolio to a subsidiary of Shere Group Limited (UK) for approximately EUR 115 million.

KPN does not regards the towers as part of its core business. In The Netherlands, mobile towers are generally used by multiple mobile operators. Following the sale, KPN will lease back the space it requires for its equipment.

KPN previously disposed of mobile towers in 2008, 2009 and 2010.

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