Hit by falling sales in The Netherlands and regulation, KPN said that its revenues fell 5% year-on-year, on a like-for-like basis, in the third quarter to 3.33 billion euros.
Boosting cash flow, KPN lowered it expectations for capital spending in 2009 to between 1.8 and 1.9 billion euros compared with 1.9 billion in 2008. The Dutch company also reconfirmed its revenue target of between 13.6 and 13.8 billion euros for 2009, compared with 14 billion euros in 2008. source: KPN statement
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