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General

KPN sales drop 4.9%, EBITDA down 15% in Q3

Tuesday 28 October 2014 | 08:22 CET | News
KPN reported third-quarter sales down 4.9 percent to EUR 1.98 billion, hurt by mobile price pressure and continued weakness in the enterprise market. EBITDA fell 15 percent year-on-year to EUR 633 million, of which 3 percent of the drop came from ending its handset leasing offer. The net result was a loss of EUR 76 million, in part due to a writedown of the value of its option to buy out Reggefiber by EUR 114 million. The Dutch operator said it was satisfied with the results, with customers growing on the mobile market and more bundled services delivered to businesses. Customer satisfaction

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Categories: General
Companies: E-Plus / KPN / Reggefiber
Countries: Netherlands
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