KPN sells radio masts of Telfort network, Reuters UK

Fri Jul 11, 2008 8:26am BST
uk.reuters.com/article/rbssTechMediaTelecomNews/idUKL1164994420080711

AMSTERDAM, July 11 (Reuters) - Dutch telecoms group KPN (KPN.AS: Quote, Profile, Research) sold masts of the radio network of Telfort, the mobile phone company that it bought in 2005.

KPN, the former Dutch telecoms monopoly, did not give financial details but said NOVEC, a Dutch provider of broadcast infrastructure, had paid in cash. In 2007 the masts generated revenue of around 1.6 million euros ($2.5 million).

''After the integration of Telfort into the KPN network in 2007, these 101 masts have become redundant,'' KPN said in a statement on Friday.

''They could also be used to broadcast digital TV, radio and other potential future applications like WiMax,'' it said.

Novec is a unit of the Dutch electricity grid operator TenneT, which is state-owned. (Reporting by Niclas Mika; editing by Sue Thomas)



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