KPN and APG to form an €880m joint venture.

KPN, a Dutch landline and mobile telecommunications company, and APG, a Dutch pension investment company, agreed to form an €880m ($1bn) joint venture to further accelerate the rollout of fiber and lead the digitalization of the Netherlands. "This strategic partnership with APG marks a next step in the acceleration of our fiber rollout in the Netherlands and shows we can act quickly on opportunities in the Dutch market. It is an attractive transaction, creating additional value for all stakeholders. Through this JV we further accelerate the fiber rollout and bring forward the long tail in smaller villages and business parks. It ensures almost nationwide fiber coverage by 2026. Together with 5G, our state-of-the-art fiber network creates the most modern and powerful network, supporting the Netherlands well into the 21st century," Joost Farwerck, KPN CEO.