Quite correct although expected Q4 release for KPN. KPN is probably a no-growth story for 2019 but it is certainly completing the building up of key assets for the future in mobile and fixed broadband, preparing its networks for the future global television revolution to face in particular the powerful player arising from the JV between Ziggo and Vodafone. Besides, its current retructuring programme should allow the group to return to organic growth in 2020-21. We maintain our opinion at Add.
30 Jan 2019
A no-growth story for 2019 but a return to growth for 2020-21
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A no-growth story for 2019 but a return to growth for 2020-21
Royal KPN NV (KPN:WBO) | 0 0 1.1% | Mkt Cap: 10,881m
- Published:
30 Jan 2019 -
Author:
Jean-Michel Salvador -
Pages:
3
Quite correct although expected Q4 release for KPN. KPN is probably a no-growth story for 2019 but it is certainly completing the building up of key assets for the future in mobile and fixed broadband, preparing its networks for the future global television revolution to face in particular the powerful player arising from the JV between Ziggo and Vodafone. Besides, its current retructuring programme should allow the group to return to organic growth in 2020-21. We maintain our opinion at Add.