KPN has acquired Dutch telecoms and IT provider Solcon as it looks to expand its broadband presence.
The acquisition will also boost KPN’s consumer fixed and mobile telephony, internet and TV bases, with Solcon boasting 45,000 customers in these markets.
Solcon also offers hosting, internet and data centre services in the business market, although it did not disclose how many customers it has.
Financial details of the transaction were not disclosed.
Solcon, founded in 1996, will continue to operate under its own brand name.
Frank van der Post, Chief Commercial Officer at KPN, said: “During the course of 20 years Solcon has grown into an important internet service provider in the Netherlands.
“Solcon’s mission, to make safer and more controllable internet services available to everyone, concurs perfectly with KPN’s strategy of offering innovative products and excellent service over our leading networks.”
Peter van der Vlies, CEO Solcon, said: “We are on the verge of a new growth phase in which we will be able to offer our services to a large number of customers. KPN is the right partner to successfully realise this growth.”
The buy-out of Solcon is the latest in a string of acquisitions and investments by KPN in the first half of this year.
In January, KPN acquired cyber security provider DearBytes.
The first three months of the year saw KPN Group revenues fall 2.4 percent year-on-year to €1.65 billion, which the operator put down to “price pressure” in the wholesale voice carrier market.