KPN acquires majority interest in Ortel Mobile

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Den Haag, 5-3-08

KPN announces that it has entered into an agreement to acquire a majority stake in Ortel Mobile. The remaining shares will continue to be owned by Ortel’s senior management. Ortel Mobile provides prepaid telecommunication services in the Netherlands, Germany & Belgium, particularly to customers of ethnic origins.


This combination will enable Ortel Mobile to grow faster within Europe, and is part of KPN’s strategy to strengthen its mobile business.


Ortel already enjoys great success in the Netherlands, Germany and Belgium on the networks of KPN, E-Plus and BASE respectively, doubling its revenues in 2007 to EUR 85 million, compared to 2006. Ortel Mobile, with offices in The Hague, Antwerp and Düsseldorf employs 56 people. The structure of Ortel Mobile will remain unchanged.


The transaction is subject to approval from the Dutch and German competition authorities.


About KPN

KPN is the leading telecommunications and ICT service provider in the Netherlands, offering wireline and wireless telephony, internet and TV to consumers and end-to-end telecom and ICT services to business customers. KPN’s subsidiary Getronics operates a global ICT services company with a market leading position in the Benelux, offering end-to-end solutions in infrastructure and network-related IT. In Germany and Belgium, KPN pursues a multi-brand strategy in its mobile operations and holds number three market positions through E-Plus and BASE. KPN provides wholesale network services to third parties and operates an efficient IP-based infrastructure with global scale in international wholesale through iBasis.


About Ortel Mobile

Since 2005, Ortel Mobile has provided high-quality and reliable mobile telecommunication services, particularly to Dutch citizens of non-Dutch descent and foreigners living temporarily in the Netherlands. Ortel Mobile has been very successful in the Netherlands, considering the short amount of time the company has taken to grow to become one of the Netherlands’ largest prepaid mobile telephone companies. Since then Ortel Mobile has expanded its services to Belgium and Germany

Ortel Mobile consciously adopts a customer-focused strategy, and not one oriented towards technology.