KPN in Q4: FTTH adding more than LTE

Friday 8 February 2013 | 12:43 CET | Author: Tim Poulus | Background
KPN's results showed a further deterioration in the fourth quarter. In the end, 2012 as a whole came in at the low end of the Dutch operator's reduced targets. KPN expects the weaker profitability to continue (lower margins), forcing the company to also address its balance sheet through a rights issue worth EUR 4 billion. The leverage, net debt divided by EBITDA, was at 2.7 at the end of 2012, higher than KPN's targeted range of 2.0-2.5. If the planned buy-out of Reggefiber from Reggeborgh is included, the ratio rises to 3.2. The rights issue will reduce the leverage by 0.9 points, with the

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Categories: General
Companies: Belgacom / E-Plus / KPN / Reggefiber / Tele2 / Telfort / Yes Telecom / Ziggo
Countries: Belgium / Germany / Netherlands
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