Telefónica buys E-Plus to create Germany’s largest operator
Telefónica has bought KPN’s German subsidiary E-Plus - in a deal worth €5 billion ($6.6 billion) to create Germany’s largest operator.
The Spanish firm - who already has a hand in the German market - will take up a 65 percent majority stake in the company. The combination of the company’s current customer base with KPN’s will mean a cumulative base of 43 million customers; controlling 40 percent of Germany’s users.
Currently, the market leaders – Deutsche...