KPN will be selling its US subsidiary iBasis to Tofane Global, a Paris-based provider of international carrier services.
The KPN subsidiary achieved a turnover of 705 million euros in 2017 and an EBITDA of 24 million euros.
This transaction supports iBasis’ goals to remain a leader in international Voice with a market leading IPX footprint for LTE which catapults our IoT Service solution to becoming the premiere choice for global connectivity.
iBasis’ connectivity portfolio is further enhanced by its value-added services including International Inbound Service, Fraud Prevention and InVision Data Analytics.
Tofane Global and iBasis will remain a long-term strategic partner to KPN for delivering international voice termination and mobile data services.
