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    KPN   NL0000009082

ROYAL KPN N.V.

(KPN)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 04/16 11:39:47 am
2.746 EUR   +0.40%
04/16KONINKLIJKE KPN N.V. : Ex-dividend day for final dividend
FA
04/14ROYAL KPN N  : KPN AGM approves all agenda items
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04/14ROYAL KPN N.V. PRESS RELEASE  : KPN AGM approves all agenda items
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Buyout Firms Team Up on More Than $15 Billion KPN Bid -- Update

04/07/2021 | 03:07pm EDT

By Cara Lombardo, Ben Dummett and Miriam Gottfried

A pair of private-equity firms have teamed up to make a bid for Royal KPN NV that could value the Dutch communications-services provider at more than $15 billion, according to people familiar with the matter.

New York-based Stonepeak Infrastructure Partners and Sweden's EQT AB are working on a bid that could be valued at more than EUR3 a share, equivalent to $3.56, some of the people said. KPN shares closed Wednesday at EUR2.88 in European trading. The funds are preparing to conduct due diligence with the goal of submitting a formal bid this spring. It is possible that they could take on another partner and that they will face competition, these people said.

There are no guarantees that the parties will follow through, and if they do, that they will reach an agreement. Adding a layer of complication, the Dutch government would need to sign off on any deal.

KPN is the largest telecommunications operator in the Netherlands, offering mobile-telephony, data and television services to customers across the country. KPN's business also includes a wholesale operation that leases fixed and mobile networks to other carriers that don't operate their own networks.

Bloomberg in November reported that EQT had made an approach to KPN.

KPN faces stiff competition from rivals such as VodafoneZiggo, a joint venture of Liberty Global PLC and Vodafone Group PLC, and has suffered from declining revenue since at least 2014, according to FactSet. Last year, the Rotterdam company's adjusted revenue fell 2.4% to EUR5.28 billion.

KPN recently struck a EUR440 million deal to sell a 50% stake in a new joint venture to the Dutch pension fund APG Group to accelerate the rollout of fiber connections to an additional 685,000 households and 225,000 companies.

Stonepeak oversees more than $31 billion of assets. It counts the $3.6 billion acquisition of Astound Broadband, the sixth-largest U.S. cable-TV provider, among its latest announced investments.

EQT, one of the best-performing publicly traded buyout firms, manages about EUR52.5 billion. The Stockholm firm knows the Dutch telecom market through its ownership of Delta Fiber Netherlands, a provider of high-speed broadband, TV and fixed-telephony services.

Write to Cara Lombardo at cara.lombardo@wsj.com, Ben Dummett at ben.dummett@wsj.com and Miriam Gottfried at Miriam.Gottfried@wsj.com

(END) Dow Jones Newswires

04-07-21 1707ET

Stocks mentioned in the article
ChangeLast1st jan.
EQT AB (PUBL) -0.30% 299.9 Delayed Quote.42.97%
ROYAL KPN N.V. 0.40% 2.746 Real-time Quote.10.41%
All news about ROYAL KPN N.V.
04/16KONINKLIJKE KPN N.V. : Ex-dividend day for final dividend
FA
04/14ROYAL KPN N  : KPN AGM approves all agenda items
PU
04/14ROYAL KPN N.V. PRESS RELEASE  : KPN AGM approves all agenda items
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04/07Buyout Firms Team Up on More Than $15 Billion KPN Bid -- 2nd Update
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04/07Buyout Firms Team Up on More Than $15 Billion KPN Bid -- Update
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More news
Financials
Sales 2021 5 233 M 6 270 M 6 270 M
Net income 2021 533 M 639 M 639 M
Net Debt 2021 5 674 M 6 799 M 6 799 M
P/E ratio 2021 21,7x
Yield 2021 5,04%
Capitalization 11 526 M 13 806 M 13 810 M
EV / Sales 2021 3,29x
EV / Sales 2022 3,25x
Nbr of Employees 9 237
Free-Float 79,8%
Chart ROYAL KPN N.V.
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Royal KPN N.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends ROYAL KPN N.V.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 3,05 €
Last Close Price 2,75 €
Spread / Highest target 45,7%
Spread / Average Target 11,1%
Spread / Lowest Target -16,2%
EPS Revisions
Managers and Directors
NameTitle
Joost F. E. Farwerck Chairman-Management Board, CEO & COO
Chris H. Figee Chief Financial Officer
Duco W. Sickinghe Chairman-Supervisory Board
Babak Fouladi Chief Technology & Digital Officer
Derk Johan Haank Vice Chairman-Supervisory Board
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