& cplSiteName &

KPN Pays €1.35B for 4G Spectrum

Light Reading
LR Mobile News Feed
Light Reading
12/17/2012
50%
50%

THE HAGUE -- KPN has obtained a highly attractive combination of 120MHz of frequency licenses in the Dutch spectrum auction at a total cost of EUR 1,352 million. This spectrum package guarantees continuation of existing and introduction of new services for our customers for a period of 17 years and will enable KPN to continue offering the highest quality of mobile services to its customers. KPN is convinced that the acquired licenses will generate a good return on investment.

In order to accommodate this vital strategic investment, KPN has adjusted its dividend outlook. KPN will not pay a final dividend over 2012 and the dividend for 2013 will be adjusted to EUR 0.03 per share. KPN confirms the outlook for EBITDA, Free cash flow and Capex for the full-year 2012. The purchase price will be financed from existing cash balances and drawings under KPN’s EUR 2 billion revolving credit facility.

The acquired spectrum will allow KPN to roll-out the next generation 4G LTE mobile technology across The Netherlands and maintain its strong 2G (GSM) and 3G (HSPA) positions. KPN will introduce 4G LTE services as soon as February 2013 and expects to have covered approximately 50% of the Dutch population by mid-2013 and nationwide coverage in the second half of 2014. 4G LTE services will provide our customers significantly faster speeds than currently available over a 3G network.

KPN Telecom NV (NYSE: KPN)

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 30, 2017, The Westin Times Square
March 20-22, 2018, Denver Marriott Tech Center
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
Hot Topics
Nokia Bell Labs & Verizon Stretch Fixed 5G to the Home
Dan Jones, Mobile Editor, 11/13/2017
Juniper's New Contrail VP Hails From Google
Craig Matsumoto, Editor-in-Chief, Light Reading, 11/15/2017
Eurobites: Telefónica Reckons Plastic Is Fantastic for FTTH
Paul Rainford, Assistant Editor, Europe, 11/15/2017
Animals with Phones
Why Cats Don't Run Tech Support Click Here
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed
Partner Perspectives - content from our sponsors
The Mobile Broadband Road Ahead
By Kevin Taylor, for Huawei
All Partner Perspectives