KPN is the Dutch incumbent telecoms operator, which also benefits from a leading share in Belgium and a decent, number-three position in Germany, where it has been gaining market share. As elsewhere in Europe, earnings are recovering due to the elimination of weak competition and cost-cutting. KPN is further along this road than others and is able to return large amounts of cash via buy-backs to shareholders. It is also the only fully privatised telecommunications stock in Continental Europe and therefore would be available to any player seeking to consolidate the sector further.
| Sedol |
Type |
Price |
Date |
| 5956078 |
Buy |
EUR 12.86 |
17/10/2007 | |
