Koninklijke KPN NV
KPN: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€9.40 | Xxznr | Ttpsqdv |
KPN: Acquires Primevest’s Fibre Network As Consolidation in the Dutch Market Continues
Dutch telecoms operator KPN announced on June 19 the acquisition of regional fibre operator Primevest in the Netherlands. The acquisition will add 127,000 fiber-to-the-home premises in Rotterdam, the Hague, and Eindhoven to KPN’s footprint. This will add to KPN’s existing FTTH footprint of 3.8 million premises, bringing the company’s total to nearly 4 million. We maintain our narrow moat and EUR 3.00 fair value estimate for KPN.