Koninklijke KPN N.V. (ENXTAM:KPN) agreed to acquire Dutch activities of Youfone Nederland B.V. for approximately ?200 million on June 22, 2023. The transaction is subject to customary closing conditions, including competition authority approval. As of September 14, 2023, The Netherlands Authority for Consumers and Markets (ACM) said needs further investigation to regarding this acquisition because it found that the acquisition of Youfone by KPN could result in a loss of significant competitive pressure in the budget or no-frills segment of the market for mobile telecommunication services. That could lead to higher prices or a reduced selection for consumers. As of October 10, 2023, The Netherlands Authority for Consumers and Markets asked Youfone Nederland B.V. and Koninklijke KPN N.V. (ENXTAM:KPN) to provide the solutions to address the watchdog's anti-competition concerns to gain clearance for the deal. As on March 21, 2024, Netherlands Authority for Consumers and Markets approved the transaction. The transaction is expected to close in early April 2024. Rob van Veldhuizen, Michel van Neer, Thomas Huizing and Ruthger van Arkel of ING Corporate Finance acted as financial advisor to Koninklijke KPN N.V. Nathalie van Woerkom, Jaap van de Rakt and Ludo Luijks of AKD Prinsen Van Wijmen acted as legal advisor to Youfone Nederland B.V.

Koninklijke KPN N.V. (ENXTAM:KPN) completed the acquisition of Dutch activities of Youfone Nederland B.V. on April 4, 2024.