Double Dutch

The KPN board must hate waking up on Mondays. Today, as further evidence of Tele2 getting serious about infrastructure in an unprecendented manner, the company has revealed today that it is tabling a joint bid with Apax to acquire Versatel, whose German assets will then be bought out by Apax on a standalone basis. With unbundling well-entrenched in the Dutch market, and full service billing coming into play, this is a market that Tele2 can really sink its disruptive teeth into.