
KPN has reached agreement to sell its Spanish mobile unit, KPN Spain, to Orange Spain for an undisclosed consideration.
Large scale launch of 4G LTE services as of February 2013 KPN has obtained a highly attractive combination of 120MHz of frequency licenses in the Dutch spectrum auction at a total cost of EUR 1,352 million. This spectrum package guarantees continuation of existing and introduction of new services for our customers for a period of 17 years and will enable KPN to continue offering the highest quality of mobile services to its customers. KPN is convinced that the acquired licenses will generate a good return on investment.
KPN has entered into an agreement with American Tower Corporation to sell a portfolio of mobile towers in Germany for a cash consideration of EUR 393 million, resulting in an expected book gain of around EUR 100 million.
Today, KPN announces the appointment of Jesper Eriksen as the new Head of Consumer Mobile in The Netherlands as of 26 November 2012. He will replace Marco Visser, who will leave KPN to pursue new opportunities. Jesper Eriksen will also continue to act as Head of Consumer Residential. The reporting format will remain as is, split in Consumer Residential and Consumer Mobile.
KPN announces that it has increased its ownership in the Fiber-to-the-Home (“FttH’) joint-venture Reggefiber with an additional 10% to 51%, for an amount of EUR 99m. Following completion of the acquisition of four fiber service providers on 19 October 2012, this is another important step on KPN’s roadmap to strengthen its commitment to FttH in The Netherlands.
KPN has agreed to sell part of its Dutch mobile towers portfolio to Protelindo, a large Indonesian owner and operator of towers for wireless communications. The sale will result in cash proceeds of EUR 75 million and a book gain of EUR 66 million.
Results Q3 2012
Broadband market share increases to 41% The Dutch competition authority (“NMa”) has approved KPN’s acquisition of four fiber service providers from Reggeborgh. The intended acquisition was announced on 9 November 2011, together with the amendment of the Reggefiber joint-venture agreement and the acquisitions of Reggefiber’s wholesale operator and fiber service provider.
Today, the Supervisory Board of Royal KPN N.V. (“KPN”) has formally appointed Mr. Eric Hageman to the company’s Board of Management in the position of CFO.
Royal KPN N.V. (“KPN”) and Tech Mahindra announce today the start of an international partnership in order to further improve KPN’s efficiency and effectiveness in its IT environment and operational processes and to jointly address strategic growth areas. KPN expects to make savings of at least EUR 200 million over a 5-year period with the partnership. As part of its ‘Strengthen, Simplify and Grow’ strategy for the period 2011 - 2015 KPN has set out a clear ambition on cost leadership and acceleration of its FTE reduction program. This new partnership helps to realize both ambitions.
Royal KPN N.V. ("KPN") announces today that it has discontinued the sale process of KPN Group Belgium (“BASE”). Current difficult financial market conditions are reflected in unsatisfactory non-binding offers for BASE.
KPN has successfully issued a 8.5 year EUR 750 million Eurobond, maturing in February 2021 and with a coupon of 3.25%. The bond has been placed with a broad range of institutional investors.
KPN announces its intention to issue a benchmark Eurobond under its Global Medium Term Note programme. The proceeds of this bond will be used for general corporate purposes. The issue supports KPN’s aim of extending its debt maturity profile.
Invitation to EGM
Half Year Results 2012
The Supervisory Board of Royal KPN N.V. announces its intention to appoint Mr Eric Hageman to KPN’s Board of Management as the company’s Chief Financial Officer.
• KPN publishes position statement in response to América Móvil’s unsolicited partial offer • Strategic review of E-Plus shows significant synergy value embedded in German market • Strategic review of BASE finalized, sale process to start in July • Accelerated investment strategy in The Netherlands on track • Continued profitable growth in Germany and Belgium
Royal KPN N.V. ("KPN") announced in its press release of 8 May 2012 that it would explore all strategic options in the best interests of all shareholders (including the non-tendering shareholders) and other stakeholders, following the announcement by América Móvil of its intention to make an unsolicited partial offer for a number of ordinary shares that will represent no more than 28% of the issued and outstanding shares. Subsequently, in the press release of 1 June 2012, KPN announced a review of strategic options for E-Plus to unlock value embedded in the German business.
• Partial Offer price of € 8 is too low for gaining significant influence • 27.7% ownership by América Móvil may deprive other KPN shareholders of M&A premium • Partial Offer price of € 8 is opportunistic and does not reflect full value potential • Underlying intentions América Móvil remain unclear • América Móvil not willing to enter into a proposed shareholder agreement with KPN • KPN is fully committed to shareholder value creation • KPN announces review of strategic options for E-Plus to unlock superior value for all shareholders
The Board of Management and the Supervisory Board of Royal KPN N.V. (“KPN”) note the publication of the offer memorandum in which América Móvil S.A.B. de C.V. (“América Móvil”) announces its partial offer (through a wholly owned subsidiary) in cash for a number of ordinary shares that, together with all ordinary shares currently held or otherwise purchased by América Móvil or its affiliates outside the partial offer, will represent no more than approximately 27.7% of the total issued and outstanding ordinary shares of KPN, at a price of EUR 8 per ordinairy KPN share (the "Partial Offer").
The Board of Management and the Supervisory Board of Royal KPN N.V. (“KPN”) confirm that they have received a copy of a press release in which América Móvil S.A.B. de C.V. (“América Móvil”) announces its intention to make (directly or through a wholly owned subsidiary) a partial tender offer in cash for a number of ordinary shares that, together with all ordinary shares currently held or otherwise purchased by América Móvil or its affiliates outside the partial tender offer, will represent no more than approximately 28% of the issued and outstanding ordinary shares of KPN, at a price of EUR 8 per KPN share (the "Intended Partial Offer").
Royal KPN N.V. (“KPN”) has noticed the intention of América Móvil to make a tender for no more than approximately 28% of KPN’s ordinary share capital. Further announcements will be made in due course.
KPN announces that it has closed the sale of Getronics International, which was announced on 24 January 2012, in two separate transactions.
Results Q1 2012
Royal KPN N.V. (“KPN”) has noticed recent rumors in the market regarding a potential change to its portfolio of businesses.
The Board of Management of KPN announces the appointment of Mr Pieter Swarts with effect from 1 April as Chief Procurement Officer for the KPN Group.
Today, Royal KPN N.V.’s (“KPN”) Annual General Meeting of Shareholders (“AGM”) has approved the appointment of Mr. Peter A.M. van Bommel (1957) as member of KPN’s Supervisory Board.
Today, Royal KPN N.V.’s Annual General Meeting of Shareholders passed a resolution to declare a dividend for 2011 of EUR 0.85 per ordinary share.
Royal KPN NV (“KPN”) has decided, in consultation with Rabo Bouwfonds’ Communication Infrastructure Fund (“CIF”), not to proceed with the acquisition of CAIW Holding BV (“Caiway”) as the Dutch competition authority, NMa, has too many objections against the transaction.
On 24 April 2012, KPN will be publishing its Q1 2012 results in an adjusted reporting format following the implementation of the new management executive structure, effective from 1 January 2012
KPN has successfully launched a EUR 750 million Eurobond with a maturity of 10 years and a coupon of 4.25%. The bond has been placed with a broad range of institutional inve
KPN announces its intention to issue a benchmark Eurobond under its Global Medium Term Note programme. The proceeds of this bond will be used for general corporate purposes. The issue supports KPN’s aim of extending its debt maturity profile.
Royal KPN N.V. has today published its Annual Report 2011 online at www.kpn.com/annualreport. In his introduction, Chairman of the Board Eelco Blok reflects on a turbulent and inspiring 2011 and looks forward to the accelerated investment strategy in 2012 under its ”Strengthen, Simplify and Grow” strategy.
KPN today announces the appointment of Mr. Hans Söhngen (32) to the position of Head of Investor Relations at KPN
The Board of Management of KPN intends to appoint Joost Farwerck (46) per 15 February to the new position of Managing Director The Netherlands. The Board furthermore intends to make Godert Vinkesteijn (46) CFO for The Netherlands.
Eelco Blok, CEO of KPN, will increase his share ownership in KPN through a market purchase of 50,000 shares. This purchase demonstrates his firm confidence in the future of the company. Currently Mr. Blok owns 115,875 shares in KPN.
KPN intends to sell Getronics International (with operations in Europe, APAC and LATAM) in two separate transactions, for an undisclosed consideration.
2011 results in line with outlook, 2012 to be transition year
KPN N.V.’s Chief Financial Officer and Board of Management member Carla Smits-Nusteling will leave the company per April 1 2012. Mrs Smits-Nusteling has informed the Supervisory Board that she has ultimately come to the conclusion that she does not agree with the internal governance of the company in the new executive structure.