T-Mobile logo is advertised on building sign in Los Angeles

T-Mobile Netherlands, KKR to Invest 700 Million Euros in Fibre Optic

The project aims to reach 1 million households within five years, it said.

T-Mobile competes against KPN and VodafoneZiggo in the Netherlands.

In March, KPN announced a 440 million euro partnership with pension fund giant ABP to speed up its fibre optic rollout, targeting customers in under-served areas.

KPN, which says it already reaches one third of the Netherlands’ 8 million households, plans to reach another 2.5 million by 2026.

(Reporting by Toby Sterling; editing by Jason Neely)