Royal KPN N.V. ADR

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  • Wed, Jan. 20, 11:36 AM
    • The EU is set to approve the €1.3B takeover of KPN's (OTCPK:KKPNY -2.2%) Belgian telecom unit by Liberty Global (LBTYA -2.8%), after some divestments to clear the deal, Reuters reports.
    • The approval would mean the first telecom merger OK'd by Margrethe Vestager, the European Competition Commissioner, since the EC squashed TeliaSonera and Telenor's plan to merge their Danish units.
    • Liberty's Telenet unit has been pursuing KPN's Base over the past year. The combination would be slightly behind market leader Proximus and comparable in size to Mobistar (controlled by Orange).
    • To facilitate the deal, Telenet will sell all the customers from Base's JIM Mobile brand to rival Medialaan, along with its 50% stake in another brand (Mobile Viking) -- with the longer-term picture showing Medialaan as an MVNO on the Base network.
    • Previously: Liberty Global unit selling customers to pursue OK for Belgian takeover (Nov. 20 2015)
    • Previously: EU regulators extend probe into Liberty Global-KPN Belgian deal (Nov. 03 2015)
    | Wed, Jan. 20, 11:36 AM
  • Dec. 31, 2015, 10:56 AM
    • Royal KPN (OTCPK:KKPNY -1.8%) says its mobile data use doubled this year, and it naturally sees more ahead.
    • KPN brand customers used an average 1.3 GB/month in Q3, compared to 620 MB a year ago.
    • It will continue to invest in network advancements including LTE Advanced and carrier aggregation. And like Telstra and Vodafone in Australia, it's bracing for New Year holiday traffic that should be about 40% higher than normal.
    | Dec. 31, 2015, 10:56 AM
  • Nov. 3, 2015, 11:02 AM
    | Nov. 3, 2015, 11:02 AM
  • Oct. 28, 2015, 10:23 AM
    | Oct. 28, 2015, 10:23 AM
  • Oct. 5, 2015, 1:53 PM
    • Europe's antitrust regulators are taking a closer look at a U.S.-initiated telecom deal, launching a full-scale probe into Liberty Global's (LBTYA +1.4%) bid for Belgium's Base (OTCPK:KKPNY +2.2%) over worries about price hikes.
    • Last month, Liberty was offering up concessions to the European Commission (now tougher than before) in order to seal a $1.5B deal for the Royal KPN operator. The EC had set a decision deadline for today.
    • Now the EC says its early review suggests the deal may reduce competition in Belgium and cut the incentives for Base to offer rivals network access.
    • A final decision on the deal is now due Feb. 18 (and may require more from Liberty to get it done).
    | Oct. 5, 2015, 1:53 PM
  • Sep. 10, 2015, 9:55 AM
    • America Movil (AMX -1.4%) says it's completed a sale of €750M in bonds convertible to shares of the Netherlands' KPN (OTCPK:KKPNY -3.7%).
    • The bonds -- lasting for three years with an annual coupon of 5.5% -- could pave the way to a possible exit by KPN's biggest shareholder, following a similar transaction earlier this year for €3B of bonds exchangeable for KPN shares.
    • Billionaire Carlos Slim tried and failed to take over the biggest Dutch phone company with a €7.2B bid two years ago.
    | Sep. 10, 2015, 9:55 AM
  • Jun. 22, 2015, 12:13 PM
    • With consolidation in the air, telecom players are trading significantly higher today Europe-wide.
    • Telefonica (TEF +4.5%), Telecom Italia (TI +1.9%), Orange (ORAN +8.2%), Vodafone (VOD +1.8%), KPN (OTCPK:KKPNY +5.5%), Deutsche Telekom (OTCQX:DTEGY +5.4%), Belgacom (OTCPK:BGAOY +2.7%), TeliaSonera (OTCPK:TLSNY +1.9%) and Pharol (OTCPK:PTGCY +8.5%) are all among firms getting a punch up today.
    • The richness of the proposed deal by Numericable-SFR (Altice, OTC:ATCEY) for Bouygues Telecom (OTCPK:BOUYY) -- at €10B, it suggests one of the highest regional industry EBITDA multiples (14.4x) in years -- may be lifting firms in a consolidation-friendly atmosphere, even with the hurdles this deal has to overcome.
    • French regulators have gone on the record against the deal, calling for investment: “Consolidation isn’t advisable for the sector,” says econ minister Emmanuel Macron. “Employment, investment and giving customers the best possible service should be the priority.”
    • In addition, a reluctant Martin Bouygues would need to be convinced to change his mind and sell.
    • Previously: Altice confirms Bouygues Telecom bid (Jun. 22 2015)
    | Jun. 22, 2015, 12:13 PM | 2 Comments
  • Jul. 2, 2014, 11:07 AM
    • As expected, the EU has cleared Telefonica's (TEF -1.1%) $12B acquisition of German rival E-Plus from KPN (KKPNY) following a series of concessions.
    • E-Plus and Telefonica's O2 Deutschland (TELDF) unit are promising to rent out up to 30% of the combined company's network capacity, divest some spectrum, and extend existing wholesale and 4G broadband resale deals to any service provider interested in them.
    • The EU expects the concessions to spawn the creation of up to 3 new MVNOs, and thus keep competition healthy even as the number of German mobile networks gets cut to 3.
    • The clearance is expected to fuel further mobile M&A activity on the continent. EU antitrust chief Joaquin Almunia has argued cutting roaming fees and enabling cross-border services is more important for industry health than having 4 carriers in a market.
    | Jul. 2, 2014, 11:07 AM
  • Oct. 17, 2013, 4:55 AM
    • Although America Movil (AMOV, AMX) has withdrawn its €7.2B ($9.7B) bid for KPN (KKPNY.PK) because of a disagreement over price, the deal may not be dead, the CEO of the Dutch telecom group has indicated.
    • "I'm not going to say which price we wanted because there is a possibility that we will be sitting around the table again," Eelco Blok said.
    • Despite the prospect of renewed talks, KPN shares are -8.6% in Amsterdam.
    | Oct. 17, 2013, 4:55 AM
  • Oct. 16, 2013, 12:33 PM
    • Following weeks of tense negotiations, America Movil (AMX +5.9%) has decided to withdraw its bid for KPN (KKPNY.PK -7.5%). AMX shares have spiked higher on the news.
    • Bloomberg reported earlier this month KPN wanted AMX, which already owns ~30% of the Dutch carrier, to raise its buyout offer above $10.7B to account for a tax ruling related to the pending sale of its German unit to Telefonica Deutschland.
    • AMX was said to be balking at the demand, arguing its offer already accounted for the tax ruling, and that the Dutch mobile market was seeing intensifying competition.
    | Oct. 16, 2013, 12:33 PM
  • Oct. 1, 2013, 4:10 PM
    • Sources tell Bloomberg KPN (KKPNY.PK) wants America Movil (AMX +2.9%) to raise its buyout offer to €2.65/share (€7.9B/$10.7B) from a current €2.40/share (€7.2B/$9.7B), so as to take into account the favorable tax ruling it recently got on the pending sale of its German unit to Telefonica Deutschland.
    • America Movil, however, is said to be holding firm, arguing its current offer already accounts for the tax ruling, and that cable provider Ziggo's recent entrance into the Dutch mobile market is a sign of deteriorating market conditions.
    • The filing of America Movil's formal offer for KPN, originally expected in September, is now due this month.
    • More on America Movil/KPN
    | Oct. 1, 2013, 4:10 PM
  • Sep. 11, 2013, 2:58 PM
    • Shares of KPN (KKPNY.PK +5.6%) trade up on speculation that Carlos Slim may up his €2.70/share offer for the Dutch telco.
    • Slim threatened to drop America Movil's bid in response to the KPN foundation's poison pill adoption. However, broader strategic considerations such as the value of Movil's current KPN stake and the necessity of diversification due to regulatory pressures in Mexico may cause Slim to flip flop.
    • Earlier, Moody's assigned an A2 rating to $750M in 2016 floating-rate America Movil notes intended to finance part of the KPN tender.
    | Sep. 11, 2013, 2:58 PM
  • Aug. 30, 2013, 3:45 AM
    • America Movil (AMX, AMOV) is prepared to withdraw its €7.2B takeover offer for KPN (KKPNF.PK) after an independent foundation created to protect the interests of shareholders and other stakeholders moved to block the deal.
    • The foundation exercised an option to acquire almost 50% of KPN's voting stock, saying that those stakeholder interests were at risk because America Movil didn't consult with the Dutch telecom carrier before announcing its bid. However, the foundation is open to America Movil addressing its concerns.
    • KPN shares are -5.2% in Amsterdam.
    | Aug. 30, 2013, 3:45 AM | 1 Comment
  • Jul. 22, 2013, 11:02 AM

    Telefonica (TEF +1.5%) is in "advanced talks" to merge its German unit (went public last year) with KPN's (KKPNY.PK) E-Plus German mobile unit in a cash/equity deal, the FT reports. The deal is said to have the blessing of Carlos Slim - America Movil (AMX +0.5%) owns ~28% of KPN - and would reportedly result in Telefonica paying €6B ($7.9B) and owning a 50%+ stake in the combined firm, whose enterprise value is pegged at €16B ($21.1B). EU regulators could object to the deal antitrust grounds; Citi thinks it could yield €4B in synergies if it happens. Telefonica Deutschland +6% in Frankfurt, KPN +10.1% in Amsterdam.

    | Jul. 22, 2013, 11:02 AM
  • Dec. 17, 2012, 6:37 AM

    Vodafone (VOD) shares sink 2.9% in London after the company agreed to pay €1.4B for Dutch 4G spectrum in an auction that raised €3.8B in total from KPN, T-Mobile and Tele2, as well as from Vodafone. Investors are concerned about the amount operators are going to have to shell out in auctions across Europe, although cash-strapped governments are probably delighted.

    | Dec. 17, 2012, 6:37 AM | 1 Comment
Company Description
Royal KPN provides telephone, Internet and television services to personal customers through its fixed network in The Netherlands. For business customers, Co. provides a range of services, from voice, Internet and data services to fully-managed outsourced ICT solutions, in The Netherlands and... More