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General

KPN revenues fall 3.9% in Q1

Friday 29 April 2016 | 09:04 CET | News
KPN reported first-quarter revenues down 3.9 percent to EUR 1.69 billion, hurt by the continued decline in traditional telephony, weak business market, falling mobile prices and the sale of SNT Germany. The Dutch operator said it was growing in multi-play and new services. EBITDA declined 4.5 percent year-on-year to EUR 568 million, while net profit doubled to EUR 48 million, despite a writedown of the unit iBasis by EUR 45 million. Capital expenditure fell 4.8 percent to EUR 318 million, leading to negative free cash flow of EUR 40 million. For 2016, KPN maintained its forecast for flat

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Categories: General
Companies: iBasis / KPN
Countries: Netherlands
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