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Stock impact report

KPN and ABP join forces through new TowerCo [Yahoo! Finance]

Perella Weinberg Partners - Class A (PWP) 
Company Research Source: Yahoo! Finance
KPN's ‘Connect, Activate & Grow' strategy to optimize the value of its passive infrastructure assets and retain strategic flexibility. It demonstrates KPN's intent to optimize shareholder value and continue to operate the best digital infrastructure in the Netherlands. With the increasing consumption of data and the deployment of new technologies, there is an increasing need for a strong and stable grid of mobile sites providing continuous coverage in the Netherlands. Following ongoing demand for network growth and densification, increasing direct exposure to Dutch passive telecom infrastructure is strategically imperative for KPN. TowerCo will hold the passive mobile infrastructure assets of KPN, as well as those of NOVEC and OTC (portfolio companies owned by TenneT and ABP respectively), leading to a portfolio of c. 3,800 towers and rooftops in the Netherlands and also has received a built-to-suit commitment for the next 10 years from KPN. TowerCo and KPN have entered into a lon Show less Read more
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