KPN maintains outlook as Q3 service revenue grows 2.7%
KPN reported revenues for the third quarter up 2.9 percent year-on-year to EUR 1.498 billion, better than market expectations. Excluding a one-off the year earlier, revenues rose 4.2 percent on an organic basis. Service revenues increased 2.7 percent to EUR 1.383 billion, and higher handset sales helped non-service revenue rise 6.4 percent. Growth was strongest in the Consumer business (+4.3%), followed by Business (+4.2%) and Wholesale (+3.6%). On a quarterly basis, the Dutch operator gained a net 66,000 n