Key Developments: Koninklijke KPN NV (KKPNY.PK)
3.51USD
17 May 2013
$0.06 (+1.74%)
$3.45
$3.40
$3.51
$3.37
11,254
117,848
$10.16
$3.05
Latest Key Developments (Source: Significant Developments)
Koninklijke KPN NV To Pay No Dividend In 2013, 2014-Reuters
Reuters reported that Koninklijke KPN NV said it would pay no dividend for 2013 and 2014 to preserve capital. The company, in which Mexican billionaire Carlos Slim's America Movil holds a near 30% stake, had previously said it would pay a dividend of EUR0.03 for both years. Full Article
Koninklijke KPN NV Announces Sale of Infrastructure Services & Projects BV to SPIE Nederland
Koninklijke KPN NV announced that it has reached agreement to sell its Infrastructure Services & Projects BV (IS&P) business to SPIE Nederland (SPIE) for an undisclosed consideration. IS&P focusses on the installation, management and maintenance of cabling infrastructures for data and voice connectivity and on-premise datacenters. Full Article
Koninklijke KPN NV Updates on EUR 1.56 Billion Hybrid Bonds Issuance-Reuters
Reuters reported that Koninklijke KPN NV had issued hybrid bonds for a total of EUR 1.56 billion, part of a EUR 4 billion equity hike to avoid credit rating downgrades. The Company said in a statement it had priced a dual tranche hybrid bond transaction, consisting of a EUR 1.1 billion tranche with a 6.125% coupon and a GBP 400 million pound tranche with a 6.875% coupon. The hybrid bond issues is part of the capital raise KPN announced on February 20, 2013 which consists of a EUR 3 billion rights offering and up to EUR 2 billion of hybrid capital instruments that are expected to receive 50% equity recognition. Full Article
Koninklijke KPN NV Plans EUR4 Billion Rights Issue To Cut Debt-Reuters
Reuters reported that Koninklijke KPN NV plans to cut its debt with a EUR4-billion ($5.4 billion) cash call to shareholders, it said. Full Article
Koninklijke KPN NV to Team Up with Fon-DJ
Dow Jones reported that Koninklijke KPN NV announced that it is to team up with Fon to provide access to Wi-Fi hotspots in the Netherlands and more than 7 million hotspots abroad. Full Article
Koninklijke KPN NV to Offer 4G Network-DJ
Dow Jones reported that Koninklijke KPN NV will start offering the 4G-subscriptions for its clients and clients of Hi. According to the Company the 4G network will be available in Amsterdam and the north of Randstad as of February 4, 2013. Full Article
Koninklijke KPN NV Sells KPN Spain To Orange Spain-DJ
Dow Jones reported that Koninklijke KPN NV has reached an agreement for the sale of Spanish mobile subsidiary KPN Spain to Orange. Financial terms of the agreement were not disclosed. Full Article
Koninklijke KPN NV Sells Ortel Mobile Switzerland to Treternity ag-DJ
Dow Jones reported that Koninklijke KPN NV announced that the Company has sold Ortel Mobile Switzerland to Treternity ag. Financial details were not disclosed. Full Article
Koninklijke KPN NV Increases Stake in Joint-Venture Reggefiber to 51%-DJ
Dow Jones reported that Koninklijke KPN NV (KPN) announced that the Company has increased its stake in joint-venture Reggefiber with 10% from 41% up to 51% for EUR 99 million. As outlined before there are three options to increase KPN's ownership based on a pre-defined timeline alongside operational milestones. In October 2012, Reggefiber reached the 1 million Homes Connected and consequently the first option became exercisable. Following this transaction, Reggefiber will not be consolidated. Further details were not disclosed. Full Article
Koninklijke KPN NV To Sell German Mobile Towers To American Tower Corporation-Reuters
Reuters reported that Koninklijke KPN NV is finalizing a deal to sell its German mobile phone towers to U.S. group American Tower Corporation for between EUR300 and EUR400 million ($384-$511 million), two sources familiar with the matter said. The deal, which could be sealed as early as next week, comes after lengthy talks with private equity firms EQT and KKR, French tower operator TDF Group and Antin Infrastructure Partners. Full Article
BRIEF-KPN concludes capital raise
BRUSSELS, May 17 - Koninklijke KPN NV : * Successfully concludes 4 billion euros equity equivalent capital raise
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