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• KPN Vandaag

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Den Haag, 15-10-09

KPN has reached an agreement in principle with Fortis Private Equity Netherlands to sell SNT Netherlands and SNT Belgium. All activities, including 850 FTE’s, will be acquired by Fortis Private Equity Netherlands. No further financial details will be made public.

SNT is one of the larger call centre companies in the Netherlands and Belgium. SNT is active at three locations in the Netherlands (Zoetermeer, Groningen and Ede) and one in Belgium (Antwerp). SNT offers both inbound and outbound contact services to a broad group of companies. KPN has decided to divest SNT because KPN considers third party call centre activities not part of its core activities.

The transaction is subject to approval of the Dutch competition authority (NMa). Finalisation of the transaction is expected by the end of 2009. The works councils, labour unions and relevant governmental bodies have been informed of the intended transaction. The works council of SNT Netherlands has rendered a positive advice.