Royal KPN N.V.
Royal KPN N.V. Press Release: KPN to sell Argeweb to Total Webhosting
Solutions
29-Nov-2019 / 17:45 CET/CEST
Today, Royal KPN N.V. ("KPN") announced that it has reached agreement to
sell its webhosting subsidiary Argeweb to Total Webhosting Solutions, for an
undisclosed consideration. The transaction is in line with KPN's strategy to
be the undisputed quality leader and provide the highest quality services to
its customers. The sale of Argeweb accelerates the simplification of the
company and contributes to the focus on a converged and simplified portfolio
in Business Market. The proceeds of the transaction will be retained to
increase operational and financial flexibility.
After closing of the transaction, KPN continues to be the premium service
provider in the business market by delivering best-in-class connectivity,
cloud, workspace and security solutions. Argeweb is based in Maassluis and
was acquired by KPN in 2014. Argeweb continues to provide services such as
domain registration, shared hosting, hosted exchange and online storage
services to SMEs. For customers of both KPN and Argeweb services will
continue uninterrupted.
*For more information:*
KPN Royal Dutch Telecom
Investor Relations
Wilhelminakade 123
3072 AP Rotterdam
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
925023 29-Nov-2019
(END) Dow Jones Newswires
November 29, 2019 11:45 ET (16:45 GMT)
