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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.

Friday, July 24, 2009

KPN Sees Sliding Revenues

Stripping out the impact of disposals, KPN said its total revenues fell 2% year on year in the second quarter of 2009 to 3.41 billion euros as a result of falling sales in the Netherlands.

Focusing on profitability, KPN said it now expects its revenues in 2009 to be between 13.6 and 13.8 billion euros compared with 14 billion euros in 2008, while it expects 2010 revenues to be comparable with 2009. KPN expects capex to be 2 billion euros in both 2009 and 2010, compared with 1.9 billion euros in 2008. source: KPN statement.

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