Telco ownership veto bill presented to parliament; looks bad for Brookfield’s KPN proposal

6 Mar 2019

The Netherlands’ State Secretary for Economic Affairs Mona Keijzer has presented a bill to parliament which, if implemented, will allow the government to stop or even reverse takeovers of Dutch telecoms firms for reasons of national security or ‘public order’. A report on SeekingAlpha notes that the development is likely to affect the chances of a proposed leveraged buyout of Dutch national telco KPN by Canada’s Brookfield Asset Management, quoting a MainFirst analyst telling Bloomberg that such a bill being passed ‘probably destroys hopes’ of a foreign KPN buyout.

TeleGeography notes that Brookfield recently entered preliminary talks with Dutch pension funds PGGM and APG Groep about partnering on a bid for KPN. Back in 2013 the telco’s minority shareholder America Movil of Mexico failed in a hostile takeover bid after an independent foundation committed to the protection of KPN shareholders’ interests stepped in to block it.

Netherlands , Brookfield Infrastructure Partners, KPN



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.