Reported about 4 hours ago
Dutch telecom group KPN announced plans to invest over €5 billion in its home market by 2030, focusing on enhancing fibre optic networks, 5G, artificial intelligence, and cybersecurity. The company will also increase dividend payments to shareholders, with plans to distribute 80% of free cash flow as dividends starting in 2026. KPN has pushed back its cost-cutting target to save €100 million annually by 2030 and expects investment spending to drop below €1 billion in 2027 before stabilizing.
Source: YAHOO