KPN surprised analysts today by reporting net profit for the fourth quarter of 2005 some EUR250 million higher than the anticipated figure, coming in at EUR604 million. Boosted by the acquisition of Dutch cellco Telfort, sales climbed 2.5% to EUR3.0 billion. The results helped lift KPN’s share price by 6.5%, its biggest hike in four months. KPN also confirmed it remains on course to shed a fifth of its workforce by 2007: in the fourth quarter of 2005 over 2,000 employees lost their job, bringing the overall number employed to 26,600. Revenue in 2006 is forecasted to show ‘low single-digit growth’, while EBITDA is expected to remain flat. In the wake of TDC’s acquisition by private equity groups, speculation remains that KPN may itself be a takeover target.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors