KPN Q4 report shows cost savings, divestments supporting dividend and possible company split
KPN reported annual results slightly below expectations. While the Dutch operator maintained its three-year targets, there were mainly negative points in its latest results. This sent the company's share price lower, to a level not seen since a year ago, just before rumours of a possible takeover bid by Brookfield and pension funds emerged. As such, a possible takeover premium appears to have disappeared in the share price, and KPN looks set to continue on its cost-cutting path. The cost reductions are need