KPN Belgium

Saturday, November 7th 2009 - 14:31 CET - Comments: 0

I nformation is circulating about the possible partial departure of KPN from Belgium. The companies in question are Versatum Belgium, together with Tele2 Belgium NV., which were purchased by KPN Mobile International NV in 2007. That purchase involved 95 million Euros on a debt and cash-free basis. The goal of the purchase was to expand the regional distribution range of KPN's mobile daughter company BASE in Belgium, and of course to generate profit growth. Fingers are pointed at the culprit monopolist Belgacom. Belgacom’s dominant market position makes it nearly impossible for other companies, such as KPN, to make their investments viable.

 

KPN Belgium
Various sources point to a possible sale of the business branch of Versatel and the glass fiber network. Bel20'er Telenet and Mobistar is named as a possible buyer, but possibly there are also negotiations taking place with other purchase candidates. It is remarkable that KPN Belgium wants to partially pull out, as a strong party such as KPN should serve as the necessary competition in this telecom market.  It is not a truly liberalized market, and that justifies only one decision...closing the door and (partially) pulling out of Belgium.

 

 

Royal Dutch KPN

KPN Group Belgium NV is a 100% daughter company of the Royal Dutch KPN, one of the most important telecom operators on the European market. KPN group Belgium was called ‘BASE NV' until June 1st, 2009. The company has headquarters in Brussels and positions itself as an innovator in products and services via a segmented approach. KPN Group Belgium commercializes the trademarks BASE, BASE business, Ortel, Ay Yildiz, Chiama and Zoniq.

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