Friday, 24 November 2017

KPN Q4 revenue falls on business woes, tax settlement

By Nick Wood, Total Telecom
Wednesday 03 February 16

Dutch incumbent swings to net profit following sale of Telefonica Deutschland shares, lower gross debt.

KPN on Wednesday reported a 9.7% decline in adjusted fourth quarter revenue, as a tax settlement in the year-ago quarter and a weak business market offset growth at its consumer division. The Dutch incumbent generated revenues of €1.75 billion in the three months to 31 December, down from €1.93 billion a year ago…

KPN on Wednesday reported a 9.7% decline in adjusted fourth quarter revenue, as a tax settlement in the year-ago quarter and a weak business market offset growth at its consumer division. The Dutch incumbent generated revenues of €1.75 billion in the three months to 31 December, down from €1.93 billion a year ago…

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