KPN Expands Fiber Network Coverage with Acquisition of Kabeltex

KPN Expands Fiber Network Coverage with Acquisition of Kabeltex

(IN BRIEF) On November 30, 2023, KPN finalized its acquisition of Kabeltex, a company owning fiber networks and functioning as an internet service provider in Texel and the northern region of North Holland. Kabeltex boasts full fiber coverage on Texel and is currently in the process of extending fiber connectivity to Den Helder, Hollands Kroon, and Schagen. With approximately 18,000 homes already having access to Kabeltex’s fiber networks, this strategic acquisition aligns with KPN’s goal to achieve 80% fiber coverage across the Netherlands by 2026 in collaboration with Glaspoort. The move underscores the critical role of fiber in providing high-speed internet services, benefiting consumers, businesses, and society as a whole. Post-acquisition, KPN plans to integrate Kabeltex’s fiber networks into its wholesale services, fostering a competitive marketplace with a wide array of providers for end-users, although specific financial terms of the deal remain undisclosed.

(PRESS RELEASE) ROTTERDAM, 4-Dec-2023 — /EuropaWire/ — KPN acquires Kabeltex, for which KPN and Kabeltex signed an agreement on 30 November 2023. Kabeltex owns fiber networks and an internet service provider on Texel and the north of North Holland. The company has full fiber coverage on Texel and is currently completing the rollout of fiber in Den Helder, Hollands Kroon and Schagen. Kabeltex’ fiber networks include approximately 18,000 homes passed.

This acquisition is in line with KPN’s aim to cover approximately 80% of the Netherlands with fiber together with Glaspoort by the end of 2026. Fiber is essential for providing high-speed internet, which is of great importance for consumers, businesses and society.

Following completion of the acquisition, KPN will add Kabeltex’ fiber networks to its existing offering of wholesale services for fiber. This allows a wide range of market parties to be active on these networks, giving end users a broad choice of various providers and suppliers. Financial details are not disclosed.

Media Contact:

Hans van Zon
Spokesperson
hans.vanzon@kpn.com
+31 6 30142974
+31 70 4466300

SOURCE: KPN