KPN to acquire Blau Mobilfunk

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Den Haag, 26-3-08

KPN announces that it has entered into an agreement to acquire Blau Mobilfunk GmbH.

Blau Mobilfunk is a wholesale partner of KPN’s German mobile operator E-Plus, focusing on the discount and ethnic market segments via own and partner brands. Through the acquisition E-Plus will further strengthen is strategic position in the growing discount and ethnic segments in Germany.

The current management will stay on board and also the structure of the company will remain unchanged.

By year end 2007 Blau posted revenues of EUR 42 million, a fourfold increase compared to 2006.
Blau Mobilfunk employs 60 people. Its head office is based in Hamburg.
The transaction is subject to approval from the German competition authority.