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General

KPN chooses for copper network

Tuesday 27 October 2009 | 16:21 CET | Author: Tim Poulus | Market Commentary
KPN saw its third-quarter sales fall 5 percent, but EBITDA rose 4 percent, net profit 12 percent and EPS 25 percent. The Dutch operator maintained its outlook for 2009 and 2010. Important anouncements included the planned upgrade of its copper network and the expectation that Reggefiber, the joint venture for KPN's FTTH activities, should obtain external financing by the first half of next year. To start with, the results show that the share buyback programme has been very effective. As a result, the net profit increase could be translated into 25 percent growth in EPS. KPN keeps its eye

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Categories: General
Companies: KPN / Reggefiber
Countries: Netherlands
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