Royal KPN agreed to acquire Telfort, the Netherlands' No. 3 wireless carrier, for $1.2 billion. The deal will add 2.4 million subscribers to KPN's mobile network. KPN's deal for Telfort deal will expand its share of the Dutch wireless market to more than 40 percent. Telfort was formerly known as O2 Netherlands. O2 sold off the carrier a few years ago to Greenfield and Enertel. Dutch investor Marcel Boekhoorn last year bought a controlling interest in Telfort through his company Ramphastos.
For more on KPN's deal for Telfort:
- see this article from The Register