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Koninklijke KPN NV ADR KKPNY Stock Quote

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Morningstar‘s Stock Analysis KKPNY

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KPN's Cost-Cutting Should Continue to Hold Up Margins During 2022

Javier Correonero Equity Analyst

Business Strategy and Outlook

| Javier Correonero |

KPN is the incumbent telecom operator in the Netherlands, operating in both the fixed-line and mobile markets. It has maintained a stable market share during the past decade in broadband, where it shares leadership with peer VodafoneZiggo (40% each). We believe the Dutch broadband market to be a rational oligopoly where both players prefer not to engage in aggressive market share shifts but rather maintain stable positions, executing slight price increases each year. The mobile market, where KPN enjoys a 20% share, has three major operators (KPN, VodafoneZiggo, and T-Mobile Netherlands) and has recently been more competitive than broadband, as T-Mobile has been gaining share for several years by offering lower prices and more flexible terms.

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Key Statistics KKPNY

Company Profile KKPNY

Business Description

KPN is the incumbent telecom operator in the Netherlands. It has around 40% share of the broadband market and 20% of the postpaid mobile market, mainly competing with VodafoneZiggo (mobile and fixed) and T-Mobile Netherlands (mainly mobile). KPN is rolling out fiber to the home in the Netherlands and expects to have most of the country covered by 2025.

Wilhelminakade 123
Rotterdam, 3072 AP, Netherlands
T +31 703434343
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 9,699

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