Lowering its guidance, KPN said its expects its revenues in 2009 to be the same as the 14 billion euros it generated in 2008, stripping out disposals, before increasing slightly in 2010. It also forecast that capital spending will be 2 billion euros this year compared with 1.9 billion euros in 2008.
In the first quarter of 2009, KPN's revenues fell 6% to 3.4 billion euros following the disposal of Getronics. On a like-for-like basis, revenues were virtually flat despite a doubling of wireless data revenues in KPN's home market of Holland. source: KPN statement