Deals
EQT, Stonepeak Prepare for Long Haul After KPN Rebuffs Approach
- Bidders wonder if Dutch telco is just aiming for higher price
- Rival suitor KKR has all but dropped its pursuit of KPN
Photographer: Yuriko Nakao/Bloomberg
This article is for subscribers only.
EQT AB always knew a takeover of former Dutch telecom monopoly Royal KPN NV would be a sensitive affair.
So when the Nordic buyout firm started working on the idea more than half a year ago, the goal was to slowly win over KPN management to a friendly deal by pledging billions in long-term infrastructure investments.