Koninklijke KPN N.V. (ENXTAM:KPN) exercised an option to acquire an additional 9% stake in Reggefiber BV from Reggeborgh Groep on January 2, 2014. The consideration depends on the level of capex efficiencies achieved at Reggefiber. Post acquisition, Koninklijke KPN will own 60% stake in Reggefiber.

Completion of the transaction is subject to approval by the Dutch Competition Authority. As of February 14, 2014, Koninklijke filed for regulatory approval from ACM for the acquisition. As of June 19, 2014, ACM said it would decide on the transaction within 13 weeks after the application for authorization is submitted.

As of October 31, 2014, KPN received regulatory clearance regarding the transaction. The transaction now is not subject to any regulatory conditions. The transaction is expected to complete on November 1, 2014.