KPN receives regulatory approval for full control of Reggefiber Today, KPN announces that it has received regulatory approval to acquire an additional 9% stake in Reggefiber from joint-venture partner Reggeborgh, bringing its total ownership to 60%. At 60% ownership KPN obtains full control and Reggefiber will be 100% consolidated in the financial statements of KPN as per 1 November 2014. The exercise price of the second option has been set at EUR 161 million. Completion of the transaction is expected on 3 November 2014. The impact of the consolidation of Reggefiber does not change KPN's outlook provided at the third quarter results. Joost Farwerck (Member Board of Management KPN) Reggeborgh retains a third option to sell the remaining 40% of its shares in Reggefiber to KPN. This option can be exercised per 2 July 2017, over a period of one and a half years, for EUR 647 million. Alternatively, this option can also be exercised at fair value until 1 January 2021.
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