Kpn

KPN hit by sales and profit drop, announces staff reductions

Dutch operator KPN has recorded a ten per cent year on year drop in revenues for FY2013, as well as a 6.7 per cent drop in net profit. The group added that it is looking to create a leaner operating model by making redundancies over the next two years.

Slim raises stake in Telekom Austria

Latin American operator group America Movil has increased its stake in European operator group Telekom Austria. The LatAm group, controlled by billionaire Carlos Slim, has agreed to acquire 13.9 million shares in Telekom Austria, through Carso Telecom, a holding company owned by America Movil. The shares equate to a 3.14 per cent stake in the European group.

Belgian 800MHz auction raises €360m

Belgium’s three mobile operators, Belgacom, Mobistar and KPN-owned Base have each received 2 x 10MHz of 800MHz spectrum in the country’s latest spectrum auction, at a price of €120m per allocation. There were no other entrants in the auction, which was run by Belgian regulator BIPT.

KPN eyes opportunities in healthcare

Dutch operator group KPN has announced a strategic alliance with Ascom Wireless Solutions that will see the two firms develop joint offerings for the healthcare segment.

América Móvil drops KPN takeover bid

Latin American operator group América Móvil has abandoned its attempt to acquire Dutch operator KPN. The Mexican group said the blocking move made by the KPN Foundation in August had left it unable to “fulfil its aim” with the deal.

Telefónica confirms talks to offload Czech operation

Spain’s Telefónica has confirmed that it is in discussions with Czech investment group PPF surrounding the sale of its Czech operation O2. In a stock market announcement following speculation in the financial press, Telefónica said that it is “exploring strategic options in relation to its stake in Telefónica Czech Republic, including conversations with investor group PPF, with nothing certain whether an agreement will be reached, or final terms and conditions.”

KPN shareholders approve E-Plus sale

Shareholders in Dutch operator group KPN have approved the sale of German subsidiary E-Plus to Telefónica Deutschland at an extraordinary general meeting.

KPN CFO steps down

Dutch operator group KPN’s chief financial officer Eric Hageman has stepped down from his role, citing personal circumstances. His resignation comes as Latin American group America Movil attempts a full takeover of KPN; a deal that has met with a number of challenges.

América Móvil’s KPN deal threatened by KPN Foundation

Mexican operator América Móvil has said that it is prepared to withdraw its €2.40/share bid for ownership of Dutch incumbent KPN after the independent KPN foundation exercised an option to buy shares that has given it almost 50 per cent of the voting rights in the telco.

KPN appoints group CTO

Netherlands-based operator KPN on Wednesday created a group CTO role and appointed the head technology officer at the flagship domestic operation to the role.

KPN shareholders to decide E-Plus fate

Dutch operator group KPN is holding an extraordinary general meeting for its shareholders to decide the fate of its German business unit E-Plus. In July, Telefónica Deutschland made a bid to acquire the unit for €5bn; a bid that was approved by KPN’s board.

Telekom Austria and KPN ink wholesale fibre deal across Europe

Operator groups Telekom Austria and KPN International have signed a wholesale partnership to create a fibre network spanning 35 countries. The deal encompasses the interconnection of Ethernet, IP VPN, Wavelength and IPT services to maximise traffic and establish an increased presence for both firms in Europe.

America Movil eyes full control of KPN

Latin American operator group America Movil has made an offer to acquire the outstanding shares in Dutch operator group KPN. The Mexico-based firm already owns a 29.8 per cent stake in the operator but is looking to own it outright, or at least secure a majority share, as it steps up its efforts to expand further into Europe.

América Móvil free to raise stake in KPN

Mexico based operator group América Móvil could increase its stake in European operator group KPN after ending a truce to cap its stake in the Dutch based firm.

Telefónica to pay €5bn for KPN’s E-Plus in Germany

Dutch incumbent KPN has confirmed that it is to sell its German mobile operation, E-Plus, to Spain’s Telefónica, which operates as O2 in the German market. Telefónica will pay €5bn in cash to KPN, which will also hold a 17.6 per cent stake in Telefónica Deutschland once the deal, subject to regulatory approval, has been completed.

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