Friday, February 17, 2006

KPN, Siemens Under Scrutiny

Ray Le Maistre writes on Light Reading:

All European telecom eyes were on Germany and the Netherlands today as German vendor Siemens Communications Group and Dutch incumbent carrier KPN Telecom NV countered market scuttlebutt about their respective futures.

KPN was under scrutiny following a Dutch newspaper report linking it (again) with Telefónica SA . The report suggested the Spanish incumbent could link up with a business partner to make a bid for KPN, which has had the "For Sale" sign hoisted above its headquarters since the Dutch government relinquished its Golden Share, which had previously protected the carrier from hostile takeover bids.

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