World VoIP NewsKPN confirms it will take part in mobile frequency auctionKPN confirms it will take part in mobile frequency auction

KPN confirms it will take part in mobile frequency auction


Voip, mobile network, licence, telecommunication
Dutch telecoms group KPN has revealed it will enter Germany’s digital frequency auction scheduled for 21 April 2010, Reuters reports.
Dutch telecoms group KPN has revealed it will enter Germany’s digital frequency auction scheduled for 21 April 2010, Reuters reports.

The company’s chief executive Ad Scheepbouwer said that KPN would likely bid for 800MHz frequencies for its local unit E-Plus, and may buy mobile clients from The Phone House to cement its base in the German market. Without giving further details, the Dutch firm said it will be cautious in the auction and has set itself a maximum bid price. ‘It is no use in getting the licences at all costs,’ CFO Carla Smits-Nusteling commented, adding that KPN's plans for a EUR1 billion (USD1.4 billion) share buyback was a sign that for the company ‘it is business as usual and by no means will we go crazy on the auction.’ Meanwhile, KPN’s mobile international executive, Eelco Blok, told analysts that although parties are not allowed to submit offers jointly, KPN will be open to partnerships after the frequencies are obtained, without naming any potential partner. KPN is also looking into purchasing mobile customers from The Phone House, owned by a joint venture between Britain's Carphone Warehouse and US-based Best Buy Co Inc. However, the company will only buy clients that are already on the E-Plus network.


© 2002-2018