Still, I believe that KPN should have acquired O2 a year ago, when the actually did make an offer. The combination would have had a very strong foothold in the German mobile market (being the number three) and on top of that the combination would have dominated the UK-Netherlands-Germany axe throughout Europe. KPN didn't want to pay too much but now the see the target being acquired (at a much higher price) by Telefonica. I do not own any KPN stock. Tuesday, November 22, 2005. I've build a financial model.
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