Key Developments: Koninklijke KPN NV (KKPNY.PK)

KKPNY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Koninklijke KPN and others agree to reduce payment terms
Friday, 12 Dec 2014 02:15am EST 

Koninklijke KPN NV:KPN and several of its suppliers have agreed better conditions that significantly reduce payment terms in return for discounts.Will record one-off cash payment of about 225 million euros in Q4.  Full Article

Koninklijke KPN NV announces interim dividend distribution date
Wednesday, 1 Oct 2014 08:00pm EDT 

Koninklijke KPN NV:Decides to proceed to the following interim cash dividend distribution on the ordinary shares.Says ex date Oct. 8.Says record date Oct. 9.Says payment date Oct. 13.Says gross dividend 0.02 euro.Says net dividend: 0.017 euro.  Full Article

Koninklijke KPN appoints Jan Kees de Jager CFO
Friday, 26 Sep 2014 06:34am EDT 

Koninklijke KPN NV:Says AGM has appointed Jan Kees de Jager as new chief financial officer (CFO).Says Steven van Schilfgaarde will remain interim chief financial officer (CFO) until Nov. 1.  Full Article

Telefonica Deutschland Holding AG grants network access to Drillisch in view of Koninklijke KPN's E-Plus acquisition
Wednesday, 25 Jun 2014 01:00am EDT 

Telefonica Deutschland Holding AG:Signs agreement with Drillisch, according to which Drillisch agreed to acquire 20 pct of capacity of all mobile networks that will be under control of Telefonica Deutschland following consummation of proposed acquisition of Koninklijke KPN's E-Plus Group.Says 20 pct to be reached via glide path mechanism over period of 5 years.In addition, Drillisch shall have right to acquire up to 10 pct additional capacity of those networks.To grant Drillisch access to future joint network of Telefonica Deutschland and E-Plus.Agreement has been entered into with view to pending decision by European Commission in merger control proceeding relating to acquisition of E-Plus by Telefonica Deutschland, expected in near future.Agreement with Drillisch will become effective only if the European Commission conditionally clears acquisition of E-Plus and confirms that agreement with Drillisch complies with conditions and obligations possibly attached to approval of proposed transaction.Says decision by European Commission with respect to merger is expected for July.  Full Article

S&P affirms Koninklijke KPN at 'BBB-/A-3'; outlook stable-DJ
Wednesday, 7 May 2014 08:00pm EDT 

Koninklijke KPN NV:Standard & Poor's Ratings Services affirms company's long- and short-term corporate credit ratings at 'BBB-/A-3' - DJ.Outlook is stable.According to S&P, affirmation primarily reflects expectations that company is able to stabilize its weak domestic operating performance in next 24 months, helped by its material, largely completed network investments, less adverse economic environment, and restructuring and simplification program.  Full Article

Fitch affirms Koninklijke KPN NV at 'BBB-'; outlook stable-DJ
Wednesday, 16 Apr 2014 02:05am EDT 

Koninklijke KPN NV:Fitch Ratings affirms Koninklijke KPN NV Long-term Issuer Default Rating (IDR) at 'BBB-'-DJ.Outlook is stable.  Full Article

Koninklijke KPN NV downgraded to Baa3 with stable outlook by Moody's
Thursday, 27 Mar 2014 08:00pm EDT 

Moody's:Downgrades to Baa3 from Baa2 the senior unsecured rating of Koninklijke KPN NV.Downgrades to Prime-3 (P-3) from Prime-2 (P-2) KPN's short-term issuer rating.Outlook stable on all ratings.Downgrade reflects expectation that KPN's financial ratios will remain weak in 2014/2015 with no prospects of recovery in short-term to levels commensurate with the previous Baa2 rating category.  Full Article

Koninklijke KPN NV to cut more jobs-Reuters
Tuesday, 4 Feb 2014 03:34am EST 

Koninklijke KPN NV:will cut up to a further 2,000 jobs after frugal consumers and stiff competition drove down quarterly revenues in its mobile division-Reuters.  Full Article

America Movil SAB de CV Receives AFM's Approval Of Offer Memorandum To Launch Intended Offer For Koninklijke KPN NV's Shares; Foundation Makes Launching Of Offer Not Viable
Wednesday, 16 Oct 2013 03:08pm EDT 

America Movil SAB de CV announced that it received approval from the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiele Markten, AFM) for its Offer Memorandum to make a voluntary public offer in cash for all of the issued and outstanding ordinary shares of Koninklijke KPN N.V. (KPN), at a price of EUR 2.40 per share (the Intended Offer). As of the date of this announcement, the Stichting Preferente Aandelen B KPN (the Foundation) has a 50% minus one voting interest in the capital of KPN. In view thereof, AMX will not launch the Intended Offer and will not make the Offer Memorandum approved by the AFM publicly available in accordance with Section 10 paragraph 1 of the Takeover Decree.  Full Article

Koninklijke KPN NV’s Shareholders Approve Sale Of E-Plus To Telefonica Deutschland Holding AG-DJ
Wednesday, 2 Oct 2013 02:26pm EDT 

Dow Jones reported that Koninklijke KPN NV (KPN) won approval from shareholders to sell its German mobile business to Telefonica Deutschland Holding AG (Telefonica Deutschland), leaving the fate of the deal in the hands of European anti-trust authorities. At the end of August 2013, Telefonica Deutschland, controlled by Telefonica SA, upped its offer for E-Plus, KPN's German mobile business, to win support from KPN's shareholder, America Movil SAB. Telefonica SA has agreed to pay EUR 5 billion in cash and offered KPN a 20.5% stake in the combined business, valuing E-Plus at EUR 8.6 billion (USD 11.6 billion).  Full Article

BRIEF-KPN and others agree to reduce payment terms

* KPN and several of its suppliers have agreed better conditions that significantly reduce payment terms in return for discounts.

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