Koninklijke KPN NV

KPN: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€7.70	Gndgwb	Fbnvgrb

KPN: Acquires Primevest’s Fibre Network As Consolidation in the Dutch Market Continues

Javier Correonero

Jun 19, 2023

Dutch telecoms operator KPN announced on June 19 the acquisition of regional fibre operator Primevest in the Netherlands. The acquisition will add 127,000 fiber-to-the-home premises in Rotterdam, the Hague, and Eindhoven to KPN’s footprint. This will add to KPN’s existing FTTH footprint of 3.8 million premises, bringing the company’s total to nearly 4 million. We maintain our narrow moat and EUR 3.00 fair value estimate for KPN.

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