KPN cancels Caiway acquisition

KPN will not proceed with its planned acquisition of cable service provider Caiway.

The Dutch telco said the country’s competition authority, NMa, has too many objections against the transaction.

Caiway provides television, broadband and telephony services in several municipalities in the Netherlands through the cable and fibre infrastructures of CIF and a number of regional cable operators. 
The acquisition was first announced last May, with KPN set to acquire Caiway’s activities and network lease contracts but leaving the passive infrastructure assets. KPN planned to provide open access to other operators and service providers.

The completion of the acquisition was subject to approval by the NMa, which has expressed concern that KPN would get a dominant position in the areas that Caiway operates in.