News Summary:
On April 30, 2026, KPN significantly expanded its fibre-optic network, connecting an additional 86,000 households in the first quarter. Including its Glaspoort joint venture with pension fund ABP, KPN's total connected households now stand at almost 5.9 million. Previously, on April 29, KPN reported its first-quarter 2026 results, with revenues increasing 2.1% year-on-year to EUR 1.45 billion. Adjusted EBITDA after leases rose 3.1%, aided by cost reductions, while capital expenditure decreased 5.1%, contributing to a 10% growth in operating free cash flow to EUR 374 million. The telecom company also noted solid commercial momentum across Consumer and Business segments, adding 10,000 broadband and 41,000 postpaid mobile subscribers. Group service revenue increased 0.6% year-on-year, driven by gains in Consumer (+1.3%), SME (+5.8%), and Wholesale (+0.8%), although Business service revenues declined 0.6% due to lower revenues from low-margin Tailored Solutions.
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