KPN Exercises €116M Option In Buyout Of JV Partner
In the deal, KPN will exercise its second option representing an additional 9 percent stake in Reggefiber, increasing KPN's interest to 60 percent. KPN will have a controlling stake in the company, which will be consolidated in KPN's financial statements.
The option is part of the companies' “Fiber-to-the-Home” joint venture agreement, which became exercisable on...
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