Friday, 21 July 2017

KPN completes €3bn rights issue

By Nick Wood, Total Telecom
Friday 17 May 13

Dutch incumbent concludes fund-raising spree in bid to get to grips with €12.5 billion debt.

KPN on Friday announced it has concluded the second phase of its €4 billion capital raising plan, with the completion of its €3 billion rights issue. "The successful capital raise provides us with financial as well as strategic flexibility to reduce our net debt level and to continue to invest in our operations…

KPN on Friday announced it has concluded the second phase of its €4 billion capital raising plan, with the completion of its €3 billion rights issue. "The successful capital raise provides us with financial as well as strategic flexibility to reduce our net debt level and to continue to invest in our operations…

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