Ad Scheepbouwer, CEO of KPN, has been quoted in an interview with Belgian financial daily De Tijd as saying that he see no sense for now in a possible merger with Belgium’s Belgacom. Asked whether he saw any advantage in a merger with Belgacom, he said: ‘No. Because of the Belgian state’s stake and the fact that there are too few synergies. And there is the cultural aspect.’ He added: ‘If you look more closely, Belgacom fits better with France Telecom than with us. France Telecom also has a large stake held by the authorities.’
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