Investment run: It's KPN move now against Ziggo
KPN and Ziggo are the largest players on the Dutch triple play market. While KPN is servicing its shareholders particularly well with dividend payments and share buy-backs, Ziggo's focus is on paying interest and reducing its colossal debt load. Ziggo has a lean organisation and is starting to reap the benefits of the EuroDocsis 3.0 roll-out. Meanwhile, KPN is still digesting its FTTH and FTTN/VDSL2 trials. In this brief, we examine both companies' balance sheet strength and options in the ongoing investment run. It is KPN's move now and it has to choose between VDSL2 and FTTH.
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