KPN sells Spanish unit to Orange

Dutch telco KPN has reached agreement to sell its Spanish mobile unit, KPN Spain, to Orange Spain for an undisclosed fee.


KPN Spain provides mobile services as an MVNO to 380,000 Spanish customers under the Simyo brand. KPN said customers would not be affected by the sale.
KPN said the sale fits with its strategy to divest non-core assets and to focus on its core footprint.