je.st
news
Tag: kpn
KPN completes 3bn rights issue
2013-05-17 02:00:00| Total Telecom industry news
Dutch incumbent concludes fund-raising spree in bid to get to grips with 12.5 billion debt.
Tags: rights
issue
completes
kpn
KPN moves up to number 2 in the Dutch TV market
2013-04-23 16:00:22| Digital TV News
KPN has released its Q1 2013 results. KPN's IPTV proposition added 116 thousand subscribers in the quarter (Q1 2012: 79k). KPN estimates that it now holds the number two position in the Dutch TV market with a TV market share of 24%, an increase of 6%-points y-on-y.
KPN scraps dividend on weak Q1
2013-04-23 09:26:00| Telecompaper Headlines
(Telecompaper) KPN reported first-quarter revenues down 8.8 percent to EUR 2.91 billion, affected by the sale of Getronics International (-3.9), declining revenues at its units NetCo, Business, Germany and Consumer Mobile, and regulatory effects (-1.7%). Underlying revenues were 4.3 percent lower. Almost all KPN units witnessed sales declines this quarter, with the exception of Consumer Residential (+9.4%) and Mobile Wholesale (+2.4%). The results are in line with market expectations. KPN maintained its outlook but will scrap its 2013 and 2014 dividends, both at EUR 0.03 per share. Dividend pay-outs are expected to resume in 2015. The company is now guiding for 2013 capex below EUR 2.3 billion and total capex for 2013-2015 below EUR 7 billion, including Reggefiber. The Netherlands activities are expected to stabilise towards 2014 while the next phase in the German strategy is expected to lead to service revenue growth combined with a lower EBITDA margin, especially in 2013. EBITDA reached EUR 994 million (-12%, underlying -8.7%) in the first quarter, and the net profit fell 54 percent to EUR 140 million. Capex amounted to EUR 535 million, with the free cash flow at EUR 85 million euros. The ratio of net debt to EBITDA is currently at 2.8 and is targeted to drop to 2.0-2.5 by the end of the year on the back of the bond issue. KPN eliminated 1,100 jobs during the quarter, bringing the total number of jobs scrapped to 3,000 out of a targeted 4,000-5,000 jobs by year-end.
KPN cancels dividend as Q1 profit plunges 54%
2013-04-23 02:00:00| Total Telecom industry news
Last year's Getronics sale drives 8.8% on-year decline in Dutch incumbent's group revenue.
Tags: profit
dividend
kpn
cancels
Telefonica, KPN discuss network sharing in Germany - report
2013-04-12 10:34:00| Telecompaper Headlines
(Telecompaper) Telefonica and KPN are set to resume talks about combining their German businesses as they both look to cut costs, reports the Financial Times. Telefonica wants to explore a merger of the networks of O2 Germany with E-Plus, the 3rd and 4th largest mobile networks in Germany. Unnamed sources close to the situation said that Telefonica and KPN management would meet to discuss the possibility of network sharing in more detail. One source did not rule out a potential merger of O2 Germany and E-Plus, but said that a network sharing deal was now the most likely outcome. KPN and Telefonica held talks in summer 2012 that considered a full merger of the two groups, but the talks collapsed after they failed to agree terms.
Tags: report
network
germany
discuss
Sites : [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] next »