KPN acquires Dutch activities of Youfone

Dutch telecom operator KPN has revealed it has struck a €200 million deal with mobile service provider Youfone, to take over the company’s Dutch activities.

Following the deal, The Youfone organisation will continue to operate independently within KPN. Youfone is already active on KPN’s networks and has more than 540,000 customers in the Netherlands.

The €200 million transaction is subject to customary closing conditions, including approval from the competition authority.

Youfone debuted in the Dutch consumer market in 2008 providing Sim Only, TV services and “super-fast” internet. It has since expanded its operation with the launch of Youfone Belgium in 2021.

The company joins KPN’s portfolio of brands which include XS4ALL, Solcon and Simyo.

The Youfone acquisition comes as KPN announced earlier this week it is to buy the networks of Primevest Capital Partners. The move will expand its reach by an additional 127,000 households in the cities of The Hague, Rotterdam and Eindhoven. KPN said the acquisition is in line with its ambition to provide fibre to approximately 80% of the Netherlands by the end of 2026.

In a joint statement KPN and Youfone said: “Youfone is a fast-growing and challenging telecom provider with a distinctive brand that KPN is happy to add to its portfolio.”

“With this acquisition, KPN significantly strengthens its position in the mobile and broadband markets, especially in the faster growing no-frills segments, they added. “KPN and Youfone expect to realize further growth in the coming years by continuing the efficient business model that Youfone has successfully established.”