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Dutch govt wants first say in any acquisition of KPN
2014-06-11 07:05:00| Telecompaper Headlines
(Telecompaper) The Dutch government has issued a new bill aimed at better protecting the national telecom infrastructure. Any company seeking to control either KPN or its networks must first obtain a certificate of no objection from the ministry of economic affairs. The bill is the brainchild of minister for economic affairs Henk Kamp, who also put forth the idea on behalf of minister for security and justice Ivo Opstelten. The government considered partially reversing the privatisation of KPN as an alternative instrument, but then rejected the idea. The same went for getting a golden share. The government felt it was too expensive and may not be in line with EU rules. Kamp said he wants to bring a final bill to Parliament in the spring of 2015, after consultation with bodies such as the European Commission. Kamp added that the current Telecommunications Act was inadequate to address the issues relevant to a potential takeover of KPN. A penalty imposed by ACM would have little effect on a party putting its business interests in second place.
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Category:Telecommunications