The Telecom KPN group acquires the Dutch activities of Youfone for approximately 200 million euros. Youfone is already active on KPN’s networks and has more than 540,000 customers.
According to KPN, Youfone will continue to operate independently within KPN. The company says the acquisition significantly strengthens KPN’s position in the mobile and broadband markets.
“Youfone is a fast-growing and exciting telecommunications provider with a distinctive brand that KPN is happy to add to its portfolio, alongside its other brands such as XS4ALL, Solcon and Simyo,” it said in a statement.
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
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