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KPN to sell KPN France to Bouygues Telecom
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Den Haag, 22-12-11
KPN has reached agreement to sell its French mobile unit KPN France to Bouygues Telecom for an undisclosed consideration. The sale will be completed in the fourth quarter of 2011.
KPN France provides mobile services as a so-called virtual network operator to some 180,000 French customers under the Simyo brand. Customers will not be affected by the sale.
KPN remains active on the French mobile market through Ortel Mobile, which serves the cultural segment in a number of European territories (also active in Belgium, Germany, the Netherlands, Spain and Switzerland). The sale of KPN France fits KPN’s previously stated strategy outside its domestic markets of focusing on accelerating Ortel Mobile’s growth.
