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Royal KPN N.V.
Press Release: KPN acquires Youfone's Dutch activities
22-Jun-2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


KPN acquires Youfone's Dutch activities
KPN takes over the Dutch activities of Youfone. Youfone is already active on KPN's networks and growing fast, with more
than 540k Youfone customers already using the best mobile and fixed networks in the Netherlands. They will continue to
do so after the intended acquisition.

Youfone is a fast-growing and challenging telecom operator with a distinctive brand that KPN is pleased to add to its
portfolio, alongside its other brands such as XS4ALL, Solcon and Simyo. With this acquisition, KPN materially
strengthens its position in the mobile and broadband markets, especially in the faster-growing no-frills segments.

KPN and Youfone expect to achieve further growth in the coming years by continuing the efficient operating model that
Youfone has been able to successfully implement. The Youfone organization will continue to operate independently within
KPN to ensure that current and future Youfone customers continue to be served in the way they are used to.

The transaction, which amounts to EUR 200m in value, is subject to customary closing conditions, including competition
authority approval.


For more information:
KPN Royal Dutch Telecom
Investor Relations
Wilhelminakade 123
3072 AP Rotterdam
E-mail: ir@kpn.com

Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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1662707 22-Jun-2023

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END) Dow Jones Newswires

June 22, 2023 02:00 ET (06:00 GMT)