0
General

KPN may devote EUR 1 bln to debt reduction - CEO

Friday 6 February 2015 | 10:56 CET | News
KPN may reduce its debt by around EUR 1 billion in June, CEO Eelco Blok said in an interview with De Telegraaf. The amount is what is expected to be left over from the EUR 5 billion received last year from Telefonica for the sale of German mobile operator E-Plus. KPN has already used EUR 2 billion for debt reduction, and its debt fell from EUR 13.4 billion to EUR 9.6 billion in 2014. Part of the cash was used for acquiring FTTH operator Reggefiber, paying dividends and suppliers, and meeting pension obligations. Blok said the remaining EUR 1 billion could go to further debt reduction.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: E-Plus / KPN / O2 / Reggefiber
Countries: Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

KPN shareholders approve dividend, new supervisory board

Published 16 Apr 2015 09:44 CET | Netherlands
Shareholders of KPN approved the appointment of Jolande Sap and Peter Hartman to the supervisory board, replacing Jos Streppel ...

KPN pays bonuses as share price increases 50% in 6 months

Published 31 Mar 2015 14:14 CET | Netherlands
Unions have called for KPN CEO Eelco Blok to give up his bonus, saying it's not appropriate given the thousands of jobs lost at ...

KPN CEO says takeover not on the horizon

Published 16 Feb 2015 10:23 CET | Netherlands
KPN CEO Eelco Blok said he does not expect the Dutch operator to be acquired in the near term. Since the failed takeover by ...

KPN Q4: results still weak

Published 09 Feb 2015 13:08 CET | Netherlands
KPN continues to suffer from negative growth, low margins and high debt. Its latest quarterly results show some recovery, but ...

KPN-CEO Blok: verlaging schuldenlast met 1 mld goede optie

Published 05 Feb 2015 15:46 CET | Netherlands
KPN gaat mogelijk in juni zijn schuldenlast omlaag brengen met één miljard euro. Dat stelt KPN-CEO Eelco Blok tegenover De ...

KPN revenues stabilise in Q4, further cost cuts planned

Published 04 Feb 2015 08:41 CET | Netherlands
KPN reported fourth-quarter revenues flat at EUR 2.07 billion. One-time income including a tax credit of EUR 44 million offset a ...

KPN faces the choice: expansion or dividend

Published 21 Nov 2014 11:12 CET | Netherlands
KPN is buying out Reggeborgh and acquiring all of Reggefiber. The acquisition, plus paying off external debt at Reggefiber, will ...