Around the Net
Competition In Germany Hurt KPN's Q3
- Fierce Wireless, Thursday, October 25, 2012 2:13 PM
KPN failed to meet analysts' third-quarter profits expectations due in large part to savage competition in Germany. The operator said its German E-Plus subsidiary was forced to cut pricing as customers searched for better deals. E-Plus, normally a key profit centre for KPN, signed up 210,000 new subscribers on monthly contracts during the quarter, but lower pricing resulted in a 9% drop in quarterly EBITDA according to Reuters.
