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KPN Consumer Residential: costs falling faster than revenues

Tuesday 28 October 2014 | 14:36 CET | News
KPN reported revenues at its Consumer Residential division down 2.5 percent year-on-year in Q3 to EUR 477 million. The operator suffered from declining fixed telephony use, as well as price pressure, which it is also using to help win customers. EBITDA was still up 4.9 percent to EUR 108 million thanks to job cuts. The Dutch operator lost another 36,000 fixed lines in the quarter for a total 727,000 at the end of September. Broadband profited from the shift to VoIP connections, which grew by 33,000 to 1.865 million. Broadband subscriptions rose by 6,000 to 2.730 million. In the TV market, KPN

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Categories: Fixed
Companies: KPN
Countries: Netherlands
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