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
Post a Comment