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| Name | Symbol | Market | Type |
|---|---|---|---|
| Royal KPN NV (PK) | USOTC:KKPNY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.075 | 1.99% | 3.835 | 3.83 | 3.84 | 3.84 | 3.82 | 3.82 | 44,492 | 15:26:02 |
From Jun 2019 to Jun 2024
Royal KPN NV said Monday it is selling BASE Company to Telenet Group Holding NV for EUR1.33 billion ($1.42 billion) in cash, allowing it to fully focus on its integrated access strategy in the Netherlands.
The Dutch telecom firm said it would use the money raised from the sale to create maximum value for shareholders, without giving any further detail. It said a further announcement will be made on completion of the transaction.
"Our continued good progress is expected to result in a stabilized adjusted [earnings before interest, taxes, depreciation and amortization] Ebitda by end-2015, a growing free cash flow and a growing dividend," Chief Executive Eelco Blok said.
BASE Company is a mobile business with 3.3 million customers and a service revenue market share of 21% at the end of 2014.
Earlier this month KPN said it is exploring "all of its options" for BASE, its Brussels-based subsidiary.
The statement followed reports in Belgian media that local cable operators Telenet and Voo were preparing a joint bid for the business.
Write to Ian Walker at ian.walker@wsj.com
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Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Royal KPN NV (PK) Chart |
1 Month Royal KPN NV (PK) Chart |
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