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General

KPN faces the choice: expansion or dividend

Friday 21 November 2014 | 11:12 CET | Author: Tim Poulus | Background
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KPN is buying out Reggeborgh and acquiring all of Reggefiber. The acquisition, plus paying off external debt at Reggefiber, will take a good portion of the cash received from selling E-Plus. Reggefiber will have negative cash flow for some years to come, as capex clearly outstrips EBITDA. KPN still has around EUR 3 billion left over though from the EUR 5 billion cash plus around EUR 2.4 billion stake in Telefonica Germany it received for E-Plus. The company faces a strategic choice what to do with the money. 

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Categories: General
Companies: E-Plus / iBasis / KPN / Reggefiber / Telefonica Deutschland
Countries: Belgium / Netherlands
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