KPN completes Tiscali Netherlands acquisition

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Den Haag, 19-6-07

KPN has completed the acquisition of Tiscali SpA’s Dutch operations for a consideration of EUR 236 million following the unconditional approval from Dutch competition authority NMa on 23 May.

The takeover price is EUR 19 million lower than the agreement in September 2006 based on the working capital and net debt on the closing balance sheet.


KPN takes over the provision of services to more than 295,000 broadband customers as well as Tiscali’s infrastructure in the Netherlands. As a result KPN’s retail broadband share increases by approximately 4% to 45%.


KPN has appointed Robin Clements as managing director of Tiscali Netherlands.


Tiscali Netherlands serves both the retail consumer and wholesale market, predominantly with broadband (DSL) services via its own network. In 2006, Tiscali reported net sales of EUR 101 million with EUR 47 million EBITDA. It employs 258 staff.