Deals
Bouygues Telecom to Buy KPN’s Simyo as French Competition Grows
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Bouygues Telecom agreed to take over Royal KPN NV’s Simyo mobile-phone brand in France, securing customers already using its network as competition grows in the country’s wireless industry.
The sale of KPN France, which operates Simyo as a mobile virtual-network operator using Bouygues Telecom’s antennas for a fee, will probably be completed this quarter, the Dutch company said today in a statement. Simyo serves about 180,000 French prepaid customers, it said. KPN, which is based in the Hague, and Paris-based Bouygues Telecom declined to disclose a price.