KPN offloads Belgian B2B, carrier assets

Dutch carrier KPN has entered into an agreement to sell its Belgian B2B and carrier business to local rival Mobistar for €65m.

The deal covers KPN’s Belgian fixed line assets, including its fibre network and signal the Dutch firm’s cessation of investment in the Belgian B2B market due to intense competition.

As a result of the transaction, KPN will be able to focus more on the sale of fixed and mobile services to consumers via its wholesale VoIP and broadband partnership with Mobistar and its subsidiary mobile operation, Base.

Base is the smallest player in the Belgian market with 2.9 million subscribers at the end of September. Belgacom is the market leader with five million customers, followed by Mobistar with 3.7 million.