KPN to buy 51% stake in iBasis

KPN to buy 51% stake in iBasis


Royal KPN NV said it will acquire a majority stake in iBasis, a US-based supplier of Voice-over-IP telephony, said the company last Wednesday in an e-mailed statement. KPN said that iBasis will acquire KPN’s Global Carrier unit and will receive USD 55 million in cash from KPN. In return, KPN will get a 51 percent stake in iBasis. KPN said it will give USD 113 million in dividends to iBasis shareholders when the transaction is complete....


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