ACM approves creation of new TowerCo by KPN and ABP

Group 1 - The Netherlands Authority for Consumers and Markets (ACM) has approved the creation of a new tower company (TowerCo) [1] - The approval follows the announcement on June 05, 2024, where KPN and Dutch pension fund ABP signed an agreement to establish the new company [1] - The transaction is expected to close shortly after receiving regulatory clearance, with KPN planning to provide an update on the financial impact of the transaction [1]