Telecom companies such as KPN and Telefonica are well positioned going into the economic slowdown, Michael Kovacocy, European telecoms analyst and sector strategist from Daiwa Institute of Research Europe, told CNBC.
Dutch telecomm takes top honors in Information Management with Informatica data integration and data quality implementationREDWOOD CITY, Calif., Oct. 22 /PRNewswire-FirstCall/ --
Is Carphone Warehouse selling out to Vodafone (VOD)?
Will AT&T (T) go international once more? Previously a Telecom Italia bid failed and AT&T is now reverting its attention to Telekom Malaysia's international mobile assets.
Is Deutsche Telekom (DT) expanding in eastern Europe, bidding for a chunk of Telekom Slovenije?
Observations:
A KPN deal seems unlikely, but when asked if KPN will be around as an independent company in 10 years time, most...
U.S. markets spent most of the day in positive territory, but ended Thursday relatively flat. Dow +0.1%. S&P 0%. Nasdaq -0.27%. Oil once again traded through but failed to hold $100/barrel, closing down $0.44 to $99.18. Gold gained another $9.10 to $869.10. Ten-year notes were flat.
GLOBAL MARKETS
Asia: Japan's Nikkei tumbled 4% on concerns a stronger yen. The Hang Seng gained 2.35%. Shanghai was up 0.78%. Standouts included Nissan (NSANY -9.2%) [see below], Sony...
Tim Poulus submits: KPN and Reggefiber are teaming to build FTTH in Almere, we learned last week.
The importance of this deal is in its size (we are talking the #5 town
in the Netherlands, 180k inhabitants), but let me summarize why this is
so much up my alley.
FTTH
No need to step on the soapbox over this shiny new fiber stuff.
SharingAll
we need is a single strand of fiber. Nobody would like to get into a
land grab for access to ducts, buildings, homes, etc. (as we are
In mid-July Telefonica largely abandoned its takeover strategy. Instead, it will focus on internal growth. "The time has come to change focus, and sweat our assets."
In late August, KPN strengthened its Belgian mobile operation Base by adding the Tele2 Belgium assets to it. This effectively precluded a Belgacom merger or offer.
Tim Poulus submits: Pension funds and private equity are performing an LBO at BCE (BCE).
Its valuation, 7.8 times EBITDA over the trailing twelve months, implies an equivalent bid level of EUR 14.93 at KPN (KPN) (a 21% upside) and GBP 438 (a 31% premium) for BT Group (BT).
Stockerblog submits: Did you know that the oldest known ?modern day? stock certificate is from The Netherlands? It is the Dutch Vereinigte Oostindische Compaignie VOC that dates back to 1606.
Keith McMahon submits: KPN continue to be super confident about the performance of its overseas mobile operations in 2006. However, I have believed all along that their strategy is fatally flawed, only has a limited lifespan and now I believe that closing time is nearly upon them.
Basically back in 2002, BASE in Belgium was a complete basket case and losing money. KPN decided to slash costs, develop a wholesale and multi-brand offering and compete on price in the prepaid market. There can be no doubt that this...
During 3Q 08 Koninklijke KPN NV ( KPN ) recorded strong growth in revenues , driven by the acquisition of Getronics NV ( Getronics ) and growth in E - Plus and Base revenues.However , EBITDA ...
Koninklijke KPN NV ( KPN ) reported robust growth in revenues in 3Q 08 , due to growth in Netherlands and Mobile international revenues.However the company reported declining margins in 3Q 08 ...
Koninklijke KPN NV ( KPN ) common stock has declined significantly since our last update report dated 03 June 2008 , which we believe reflects general weakness in global equity markets.Going ...
Dutch former fixed line monopoly KPN Telecom has awarded Alcatel - Lucent ( Alca - Lu ) a three - year contract to supply a next generation broadband access network.Comtex reports that under ...
Dutch Railway Provider Upgrades Telecom System With Nokia Oyj And Siemens AG's Nokia Siemens Networks And Koninklijke KPN N.V.'s MobiRail-DJ
Reuters Key Development - Sep 23, 2008
Dow Jones reported that Nokia Oyj and Siemens AG joint venture, Nokia Siemens Networks said that ProRail, the Dutch railway infrastructure provider, is upgrading its telecommunications system in...
Koninklijke KPN N.V. Announces Completion of EUR One Billion Share Repurchase program -DJ
Reuters Key Development - Sep 22, 2008
Dow Jones reported that Koninklijke KPN N.V. has repurchased 1,539,831 KPN ordinary shares at an average price of EUR 11.09 during the week of September 15, 2008 to September 19, 2008. To date,...
Koninklijke KPN N.V. Announces Further Details on Eurobond-DJ
Reuters Key Development - Sep 10, 2008
Dow Jones reported that Koninklijke KPN N.V. has announced further details to the Eurobond issue made on September 9, 2008. The Company says it has launched a Eurobond for an amount of EUR 850...
Dow Jones reported that Koninklijke KPN N.V. announced its intention to issue a benchmark Eurobond under its Global Medium Term Note program. The proceeds of this bond will be used to refinance...
Fitch Affirms Koninklijke KPN N.V. Ratings at BBB+; Stable Outlook
Reuters Key Development - Sep 2, 2008
Fitch Ratings announced that it has affirmed Koninklijke KPN N.V?s Long term Issuer Default rating and Senior Unsecured rating at BBB+. The Outlook is stable. The stable Outlook reflects Fitch's...
Koninklijke KPN N.V. Nears End Share Buyback Programme-Reuters
Reuters Key Development - Aug 25, 2008
Reuters reported that Koninklijke KPN N.V. has completed 91% of a EUR 1 billion ($1.5 billion) share buyback programme. The repurchase program that started on February 22, 2008 will run through...
LONDON (MarketWatch) -- European shares fell on Wednesday, with commodity-sector firms weighing as they gave back some recent gains. Shares in Kazakhmys fell 8.5%, while shares in Total dropped 3.1%. Mining giant BHP Billiton slid 6.7% after it said volatility and uncertainty would continue in the short term as it reported production figures that were weaker in a number of key areas. On the plus side, KPN rose 2.2% after confirming its outlook for 2008 and saying that it would start its 2009 share buyback program next month. The U.K. FTSE 100 index fell 1.9% to...
AMSTERDAM (MarketWatch) -- Dutch telecoms operator Royal KPN NV (00908.AE) Wednesday said third-quarter net profit attributable to shareholders fell 1.7% and said it will launch a new EUR1 billion share buyback in 2009. KPN hasn't seen any impact from the economic downturn on the business, doesn't have any liquidity concerns and has taken precautionary, contingency plans to protect KPN's cash flow in case of economic headwinds, chief executive Ad Scheepbouwer said in a statement. KPN said net profit for the three months ending Sept. 30 was EUR349 million compared with EUR355 million a year ago, below analysts' expectations for net...
LONDON (MarketWatch) -- The market was taken a bit by surprise by Alcatel-Lucent going with Ben Verwaayen over Mike Quigley for the chief executive role, and certainly, former Alcatel COO Quigley would have been a top choice. See related story.
