KPN | GlobalPost

KPN says no dividend until 2015 as profits slashed

Agence France-PresseApril 23, 2013 03:45

Dutch telecoms operator KPN announced Tuesday a first quarter profit that was slashed by more than half, saying it would pay no dividend in 2013 or 2014 because of a three-billion-euro rights issue. First quarter net profit stood at 138 million euros ($180 million), down from 306 million euros for the same period last year, the company said in a statement.

Sweden's Tele2 exits Russian mobile market

Thomson ReutersMarch 27, 2013 14:45

By Simon Johnson and Megan Davies STOCKHOLM/MOSCOW (Reuters) - Nordic telecoms company Tele2 said on Wednesday it would sell its Russian operations to bank VTB Group in a $3.5 billion (2.3 billion pounds) deal that could ease competition in the market. Tele2 has been rumoured for some time to be considering a sale of the Russian unit as it does not have a 3G or 4G license in Russia and analysts have said that without the ability to offer data services, its growth prospects were limited.

Dutch telecom KPN to issue 4 bn euros in shares after profit plunges

Agence France-PresseFebruary 5, 2013 05:30

Dutch telecoms operator KPN announced Tuesday it would undertake a 4-billion-euro rights offer after 2012 profits more than halved to 693 million euros ($935 million). With profits slashed 55 percent or 856 million euros year-on-year, the company said its share issue would "strengthen KPN’s balance sheet and is intended to provide a stable financial position in the coming years." "Adverse macro-economic conditions continued to weigh on consumer confidence and on the investment plans of our business customers," KPN chief executive officer Eelco Blok.

UPDATE 1-AT&T mulls takeover in Europe -report

Thomson ReutersJanuary 17, 2013 07:15

* KPN, Everything Everywhere on AT&T's radar -WSJ * European takeover by AT&T could offset weak growth -WSJ * Analyst skeptical of successful takeover * KPN shares up 3.5 pct, reach five-week high (Adds details, analyst quotes, share price) AMSTERDAM, Jan 17 (Reuters) - U.S. telecoms group AT&T is looking at an acquisition in Europe, possibly of Dutch peer KPN or the UK's Everything Everywhere, to offset weak growth at home, the Wall Street Journal reported.