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KPN Ventures to Acquire Stake in Internet of Things Platform Provider Actility - KPN Ventures is participating in a capital raise by France-based Actility SA, a provider of network solutions and managed information systems for the Internet of Things market - KPN.com
KPN Ventures to Acquire Stake in Internet of Things Platform Provider Actility

 

PRZOOM - /newswire/ - The Hague, Netherlands, 2015/06/16 - KPN Ventures is participating in a capital raise by France-based Actility SA, a provider of network solutions and managed information systems for the Internet of Things market - KPN.com.

   
 
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The transaction to acquire a minority stake in Actility underscores KPN’s commitment to innovation and the early investment in new products and services for our customers.

“Partnering with Actility is in line with KPN’s ambitions to establish an Internet of Things ecosystem in the Netherlands the next big thing in the digital landscape,” said Jasper Snijder, SVP New Business at KPN.

Both Actility and KPN are founding members of the LoRa™ alliance, a consolidated effort of renowned market players to establish a global standard for long range low power (LoRa) connectivity and to enable Internet of Things, machine-to-machine, smart city, and industrial applications. The LoRa™ alliance was established in March 2015. As previously communicated, KPN plans to introduce LoRa in the Netherlands before the end of the year.

The investment falls within the scope of KPN Ventures, a fund aimed at promoting outside-in innovation and increasing KPN’s exposure to the start-up community. Foxconn’s European venture capital partner Ginko Ventures, and European telecommunication providers Orange and Swisscom, are among the investors participating in Actility’s financing round totalling USD 25 million.

 
 
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Agency / Source: KPN N.V.

 
 

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KPN Ventures to Acquire Stake in Internet of Things Platform Provider Actility

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KPN Ventures | France-based Actility SA
Contact: KPN Media Relations - KPN.com 
+31 70 3434343 press[.]kpn.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any KPN N.V. securities in any jurisdiction including any other companies listed or named in this release.

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