What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.
Tuesday, July 27, 2010
KPN Squeezed at Home
With its traditional telephony business in Holland under continued pressure from competition and regulation, KPN said that its group revenues fell 1.7% year-on-year in the second quarter to 3.35 billion euros. Boosted by growth in Germany, revenues in KPN's mobile businesses outside Holland rose 1.4% year-on-year.
KPN's group capex in the second quarter was 380 million euros - down 1.6% on the second quarter of 2009. KPN reiterated its forecast that 2010 revenues will be in line with 2009 sales of 13.5 billion euros, excluding the impact of disposals. source: KPN presentation