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KPN strikes deal with Silent Circle to offer encrypted phone calls
2014-02-19 13:26:35| InfoWorld: Top News
Dutch telecom operator KPN has struck a deal with encrypted communications provider Silent Circle to start offering its Dutch, German and Belgian customers encrypted phone calls and text messages. The move by KPN, the first telecom provider that is going to resell Silent Circle's services, reflects growing concern about U.S. spying and surveillance following disclosures by former U.S. National Security Agency contractor Edward Snowden.
America Movil trims stake in KPN
2014-02-12 12:30:00| Telecompaper Headlines
(Telecompaper) America Movil said it had a 27.1 percent stake in Dutch operator KPN at the end of 2013, down from the previously announced 29.7 percent. The announcement was made in the publication of its annual results. KPN CEO Eelco Blok told the Financial Times that the company was starting to repair relations with its largest shareholder, after rejecting America Movil's takeover bid last year. He admitted the relationship was "not really good" after the failed bid, but said it has since improved, although "not as good as it was before the offer". The America Movil members on KPN's board are "participating in a constructive manner", the CEO said, and the companies are looking at reforming their working groups, starting first with joint procurement. According to Blok, America Movil has not made clear any further intentions for KPN. The company is prohibited until April from launching a new bid for the group. The KPN CEO said the reason the previous bid broke down was "only about price", as America Movil was unwilling to increase its offer. KPN's shares are now worth around EUR 2.60 per share, compared to America Movi's offer of EUR 2.40.
America Movil cuts KPN stake
2014-02-12 01:00:00| Total Telecom industry news
Mexico-based telco giant reportedly in process of rebuilding relationship with Dutch partner.
Tags: america
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Dutch telecom KPN to cut 1,500 jobs
2014-02-04 12:51:06| Telecom - Topix.net
Royal KPN NV, the Dutch telecom company partly owned by Mexican billionaire Carlos Slim, says it will cut at least 1,500 jobs - 5 percent of staff - by 2016 as its fourth quarter sales fell and losses worsened.
KPN plans more job cuts as Q4 sales fall 10%
2014-02-04 09:01:00| Telecompaper Headlines
(Telecompaper) KPN reported fourth-quarter sales down 9.6 percent to EUR 2.06 billion, excluding its German operation E-Plus, which is planned for sale to Telefonica. Only the company's Dutch residential activities reported growth, with sales up 2.5 percent, while all the other operations lost revenues on an annual basis, led by Dutch consumer mobile, down 15 percent. EBITDA fell 29 percent year-on-year to EUR 581million, in part due to the company abandoning its handset lease model. Operating profit still almost doubled to EUR 98 million, and the net loss was reduced to EUR 108 million or 4 cents a share. Including E-Plus, KPN posted a loss of 6 cents a share. After completing the job reduction plan started in 2011, which led to the loss of 4,650 positions, KPN announced a new round of lay-offs, which should lead to 1,500-2,000 jobs cut by 2016. Part of the company's simplification plan announced at the Q3 2013 report, the latest restructuring is expected to lead to EUR 300 million in cost savings. Pending the sale of E-Plus, which KPN said it's confident will go ahead, the company plans to resume dividends for fiscal 2014, with a payment of 7 cents a share.
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