Dutch telecom group KPN has agreed to acquire the 44% of U.S.-based operator iBasis that it doesn’t already own for $3 a share, or $93.3 million in cash. A special committee of the iBasis board has approved the terms put forward a couple of weeks ago, and is urging company holders to accept KPN’s tender offer. → Read More
Head of KPN, Ad Scheepbouwer, was recently interviewed by the Financial Times and this is what he had to say about the iPhone. “I had one and I thought it was a pretty useless phone, to be quite honest,” he told the Financial Times. “The battery ran out in no time. I didn’t like the touch screen. “We’d be more than happy to sell it,” he added. “We have half the market in the… → Read More
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