Royal KPN N.V.
Royal KPN N.V. Press Release: KPN to sell NLDC to DWS
20-May-2019 / 08:00 CET/CEST
Today, Royal KPN N.V. ("KPN") announced that it has reached agreement to
sell its data center subsidiary NLDC to a fund managed by DWS, a global
infrastructure investment manager, for an undisclosed consideration. The
transaction is in line with KPN's strategy to accelerate simplification and
focus on core ICT services in Business. The proceeds of the transaction will
be retained to increase operational and financial flexibility. The
transaction is subject to regular closing conditions, including regulatory
approvals.
After closing of the transaction, KPN continues to deliver its core ICT
services (such as security, workspace, cloud telephony, hybrid-cloud
solutions) out of its remaining and NLDC data centers in the Netherlands as
well as use public cloud capabilities such as AWS and Azure. NLDC will
continue to deliver data center services to KPN as a preferred supplier and
services to customers will continue uninterrupted. NLDC operates a portfolio
of six data centers of which three in the Amsterdam area and three regional
hotspots in Eindhoven, Rotterdam and Groningen.
*For more information:*
KPN Royal Dutch Telecom
Investor Relations
Wilhelminakade 123
3072 AP Rotterdam
Tel: +31 (0)70 4466865
E-mail: ir@kpn.com
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
813237 20-May-2019
(END) Dow Jones Newswires
May 20, 2019 02:00 ET (06:00 GMT)
