A plan to buy British mobile phone operator O2 has collapsed with Dutch
The deal would have been worth an estimated £14bn and would have been the
first sales of a major British mobile phone company. Under the terms of the
deal it is thought that KPN would take over Deutsche Telekom's German
mobile business to get around the regulatory issues of the plan.
"Following recent press speculation, the Board of KPN confirms that it was
approached by Deutsche Telekom regarding the possibility of KPN acquiring
the German business of O2 plc (‘O2’), in the context of an offer for O2,"
said the KPN in a statement.
"The discussions with Deutsche Telekom, which were of a preliminary nature,
are no longer taking place."
Nether company made formal approaches to O2, which was formerly a part of
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