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General

KPN Q1 and rights issue: is EUR 4 bln in extra capital enough?

Wednesday 1 May 2013 | 14:23 CET | Author: Tim Poulus | Background
KPN recently announced its first-quarter results and the details of its rights offering. Underlying sales and EBITDA were down respectively 4.3 percent and 8.7 percent, and the EBITDA margin was at 34 percent. The rights issue is expected to raise EUR 3 billion, offering existing shareholders 2 new shares for every one share held, at a price of EUR 1.06 per share. This is a discount of 35 percent on the closing share price the day before the details of the issue were announced. The Dutch operator earlier raised over EUR 1 billion in an issue of hybrid bonds to strengthen its shareholders

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Categories: General
Companies: E-Plus / KPN / Reggefiber / Telefonica Deutschland
Countries: Belgium / Germany / Netherlands
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4.76 milion
Fixed telephony connections in 2022
Netherlands  |  2018 Q2

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