|Traded as||Euronext: KPN|
|Founded||19th century (founded), 1989 (privatised)|
|Headquarters||The Hague, Netherlands|
|Key people||Eelco Blok (CEO), Jos Streppel (Chairman of the supervisory board)|
Digital Terrestrial Television
|Revenue||€13.398 billion (2010)|
|Operating income||€3.250 billion (2010)|
|Profit||€1.795 billion (2010)|
|Total assets||€22.737 billion (end 2010)|
|Total equity||€3.500 billion (end 2010)|
|Owner(s)||Stichting Preferente Aandelen B KPN (50.07%)
Capital Group Companies (10.68%)
America Movil (14.86%)
Norges Bank (3.09%)
Ontario Teachers' Pension Plan (2.19%)
JP Morgan Chase (1.07)
|Employees||30,599 (FTE, end 2010)|
- Stichting Preferente Aandelen B KPN 50.07% (Withdrawn on the 10th of January 2014)
- America Movil 14.86%
- Norges Bank 3.09%
- Blackrock 2.69%
- Ontario Teachers Pension Plan 2.19%
- JP Morgan Chase & Co 1.07%
Stichting Preferente Aandelen B KPN is a foundation which "was established to promote the interests of KPN, KPN its related companies and all stakeholders, including influences the continuity, independence or identity of KPN in conflict with the interests and threaten to keep much as possible." The foundation exercised a call option to gain roughly 50% of the KPN shares in order to protect KPN against a hostile takeover. This stock has been withdrawn on a special shareholder meeting held on the 10th of January 2014, as per the request of the foundation in November 2013.
The company was formerly called Koninklijke PTT Nederland, and prior to that Staatsbedrijf der Posterijen, Telegrafie en Telefonie or PTT and was the publicly owned fixed-line operator of the Netherlands. Before the spin-off of TPG, the company also controlled the national Dutch postal services. The Dutch government progressively privatized KPN beginning in 1994, reducing its stake to 6.4% in 2005, and finally completed the process in 2006, giving up its golden share veto rights.
In 2001 KPN tried to merge with the Belgian telco Belgacom. It did not succeed because of the objections of the Belgian government. In 2001, Spanish Telefonica expressed an interest in buying KPN.
The Japanese mobile telephone company NTT DoCoMo holds a 2% stake in KPN Mobile NV. From 2002 until 2007 KPN Mobile provided i-mode services on its mobile phone networks. i-mode as introduced by KPN's E-Plus in Germany in March 2002 and by KPN Mobile The Netherlands in April 2002 was the first mobile Internet service in Europe (ahead of Vodafone's V-live).
KPN partly owned KPNQwest, a telecommunications company equally owned by KPN and the American Qwest Communications International. The company was set to bring together the state-of-the-art fibre-optic networks of the two partners and the Internet services expertise and customer base of EUnet International. The company collapsed in a bankruptcy in 2002.
In 2007 KPN acquired Getronics N.V., a worldwide ICT services company with more than 22,000 employees, and almost doubled its former size. KPN is still divesting parts of Getronics that didn't meet their core interests. Recently they sold a Dutch department of Getronics named Business Application Services (BAS) to CapGemini for about €250,000,000.
In August 2013, América Móvil offered to take over the remaining 70% stake of the Dutch telecommunications company for 7.2 billion Euros ($9.49 billion). América Móvil currently owns close to 30% of KPN. The Dutch Government has issued a warning on this proposed takeover of KPN by Mexican Billionaire Carlos Slim, as part of his ambition to expand his telecom empire. The plans eventually ended when the "Stichting Preferente Aandelen B KPN" exercised a call option to gain ~50% of the total shares, in order to put up a temporary protection wall against the hostile takeover.
In the Netherlands, KPN has 6.3 million fixed-line telephone customers. Its mobile division, KPN Mobile, has more than 33 million subscribers in the Netherlands, Germany, Belgium, France, and Spain under different brand names. Through its ownership of several European Internet service providers, KPN also provides Internet access to 2.1 million customers, and it offers business network services and data transport throughout Western Europe.
KPN operates a mobile services network for 2G and 3G technologies. 4G has recently been rolled out and, as of March 2014, covers the Netherlands entirely. (Note: "entirely" equals roughly 95%) KPN is the first Dutch network to have completed its 4G network. KPN announced it will, per the 1st of July 2014, start offering LTE-Advanced in limited locations on the 1800Mhz band, whereas the majority of KPN's 4G network operates in the 8/900MHz bands, which will allow theoretic download speeds up to 200MBit/sec. KPN currently offers 50MBit/sec as the maximum speed on its 4G network. Along with the completion of the 4G network, KPN is upgrading the 2G and 3G networks and capacity, using Huawei Single-RAN technology.
In the Dutch telephone market, KPN is the owner of the fixed telephone operations (FLO) network and is the market leader in mobile network operator (MNO), with the brands KPN Mobile and Telfort and as a Mobile Virtual Network Operator under the brand names Simyo, Ay Yildiz, Ortel Mobile and Hi.
In the Internet market, KPN is owner of several Internet service providers: KPN Internet, XS4ALL, Planet Internet, Het Net, Freeler, Speedlinq, Demon Netherlands and HCCNet. They bought the Dutch subsidiary of Tiscali in September 2006, which continues under the brand name Telfort. Currently, KPN's remaining internet service providers are XS4ALL, Telfort and KPN Internet.
In 2004, KPN also started offering digital terrestrial television in the Netherlands as part of its multi-play services via its subsidiary KPN Digitenne. Since 1 May 2006, KPN offers Interactive Television, an IPTV service based on their DSL service, with the ability to receive Video On Demand and replay your missed TV episodes besides regular TV programming.
KPN Retail is a Dutch subsidiary that owns retail stores under the brands of kpn winkel, Hi Stores and KPN Business Center.
KPN has purchased the Belgian telecommunications retail store Allo Telecom. KPN also holds a 33.3% share in MVNO Mobile Vikings.
In Germany, KPN is, with subsidiary company E-Plus, the third largest player on the mobile telephony market. It is also active as a virtual mobile phone operator under the brand names BASE, Simyo, Vybemobile and Blau Mobilfunk. The company OnePhone Deutschland GmbH is a joint venture of KPN Mobile International B.V. (98 percent subsidiary of KPN) and the OnePhone holding AB (Sweden).
KPN bought the telephone retailer SMS Michel Communication.
On December 21, 2009, KPN became 100% owner of the US based iBasis, formerly a publicly traded company. iBasis is a provider of wholesale international IP telephony services.
KPN also offers ICT services in the Benelux countries through its subsidiaries Newtel Essence (call center solutions and customer relations management), Getronics (automation), Nozema and CSS Telecom.
At the moment KPN is outsourcing all its technology departments to technology partners, such as Ericsson and Huawei, and transforming the company into a sales organization with the focus on selling telecom subscriptions. The goal is to become a telecom service provider instead of a telecom provider.
- "Annual Report 2010". KPN. Retrieved 16 April 2011.
- Dutch Govt issues warning on takeover of KPN by Carlos Slim