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 Monday December 17 2001
KPN Mobile group starts practical i-mode tests
The KPN Mobile group will commence the first practical i-mode tests with a small group of users on 20 December 2001. This follows the technical co-ordination of the high-speed GPRS network and the new i-mode handsets. i-mode is the success formula for web based mobile data services developed by NTT DoCoMo,..

Wednesday December 12 2001
KPN, Getronics joint venture wins NLG 500 mln in orders with Dutch govt
TetraNed, a 50-50 joint venture of Royal KPN and Getronics, won orders worth NLG 500 mln with the Dutch government, the ministry for domestic affairs said. The orders involve installation of a new national digital radio system for emergency services in the Netherlands, such as fire, police and ambulance.

Tuesday December 11 2001
Qwest and KPN complete KPNQwest share transaction
KPNQwest on Tuesday announced that the share transaction between Qwest Communications International. (Qwest) and Koninklijke KPN N.V. (KPN), in which KPN sold approximately 14 million shares of KPNQwest shares to Qwest and 6 million of KPNQwest shares to Qwest's principal shareowner, the Anschutz Company, has been completed.

KPN Mobile completes the sale of its shareholding in Telkomsel
KPN Mobile International B.V., a subsidiary of Royal KPN N.V., has on Tuesday completed the sale and transfer of in total 22.28% of the share capital of P.T. Telkomsel Tbk. to Singapore Telecom Mobile Pte.. against an aggregate purchase price of USD 601 mi Payment of the purchase price has been effected on Tuesday.

Friday December 7 2001
Issue price of KPN's equity offering set at EUR 4.9 per share
KPN announced it will issue a total number of 1,020,408,163 new ordinary shares at an issue price of Eur 4.90 per share. The gross proceeds of the offering amount to Eur 5 billion. Subscription for the offering closed on Friday. The issue price represents a discount of 4.1% compared to the closing price of KPN shares on Euronext Amsterdam on December 6, 2001, which was Eur 5.11 per share.

Thursday December 6 2001
More than sufficient demand for KPN shares
The 5bn euro new share issue by Dutch telecoms group KPN has succeeded. The issue was four times oversubscribed. Due to the larger-than-expected demand, insiders expect the issue price of the new shares to be close to yesterday's closing price, or just under EUR 5 per share. KPN closed down 4.5% at EUR 5.11 yesterday.

Monday December 3 2001
KPN union members demand better redundancy plan
The members of Dutch telecom sector union Bond van Telecompersoneel supports the pay sacrifice that was agreed with Dutch telecoms group KPN. However, the union wants to re-open negotiations about a number of points in the redundancy plan. Employees should be given more options, the union said. The union, which represents about 3,000 KPN employees, consulted its members about the redundancy plan in recent weeks.

Friday November 30 2001
KPN announces appointments
The Board of Management of KPN has decided to reduce the group's organisational and managerial complexity as part of its new strategy. As a result of this decision, the Board of Management will assume direct control of the business units within KPN's three divisions. This situation already existed at the Fixed Network Services division headed by Leo Roobol.

Thursday November 29 2001
Zalm considered buying back KPN network
Dutch finance minister Gerrit Zalm considered buying back the fixed telecoms network of Dutch telecoms group KPN to secure the service provision. Buying the network was one of the alternatives to the participation in the share issue, Mr Zalm said in an emergency debate about the Fl 3.8bn participation in the issue of new KPN shares.

Monday November 26 2001
Elucidation KPN
KPN feels the need to clear up the confusion that, as evidenced by recent publications, has arisen with regard to two matters. The first issue concerns the option scheme of CEO Ad Scheepbouwer, the second concerns the number of employees that KPN is likely to have on its payroll by the end of 2004. In August, when it had become clear that, as regards the financial situation of the company there were concerns for the future of the company, the Supervisory Board decided to look for a new CEO who would enjoy the confidence of the international financial community.

Friday November 23 2001
KPN: dividend policy
Until 2001 KPN has paid a dividend twice a year. However, we do not consider that the payment of any dividend, whether in cash or in shares, is consistent with our reformulated strategy. In addition, because we expect to record a net loss for the financial year 2001, any dividend payment that we would make in respect of 2001 must be charged to our free reserves.

Business units KPN and Atos Origin transferred to SNT Group NV
Following approval of the Extraordinary Shareholder Meeting of shareholders of SNT Group N.V. on 22 November, the business units KPN Callcenters, KPN Inbound Services, KPN Conferencing Services and KPN TACT as well as the French customer contact centers from Atos Origin were on Friday officially transferred to SNT Group N.V.

Wednesday November 21 2001
Q3 2001 KPN revenues increased 13.4%
KPN increased revenues by 13.4% in the third quarter of 2001 compared with the same period last year, excluding exceptional items, from EUR 2,750 bn to EUR 3,119 bn. All segments contributed to this increase. The main drivers behind this increase are higher traffic volumes at Fixed Network Services (transit and Internet), Mobile communications (higher airtime usage) and higher sales in the IP/data segment generated by KPN's Benelux activities and KPNQwest.

KPN: equity offering to raise EUR 5 bn and revised strategy
The Board of Management of Royal KPN N.V. on Wednesday announces its intention to proceed with an equity offering with guaranteed gross proceeds of Eur5 billion. Of that amount, 65.31% is fully underwritten by a syndicate of banks, while the State of The Netherlands has committed to subscribe for 34.69% to maintain its current ownership level.

KPN will gain control over domain name telefoongids.nl
Denda, the Dutch multimedia company, will have to hand over the domain name telefoongids.nl to Dutch telecoms group KPN, the court in Arnhem decided on Tuesday. According to the court, Denda committed a breach of contract. Denda, which is active in the field of interactive phone directories, gained control over the name through a successful procedure against the Dutch internet domain registration foundation SIDN.

Friday November 16 2001
KPN and unions reach agreement on broad social accord
KPN and the trade unions ABVAKABO FNV, Bond van Telecom Personeel, CFO CNV, CMHF/vhp KPN & TPG and GMV/RMU have concluded a broad social accord for the reorganisation, in which about 4800 KPN employees will lose their job. The accord, that runs until the end of 2003, comprises entirely new collective labour agreement clauses and a social plan for the employees who will be dismissed.

Wednesday November 14 2001
KPN chief keeps the wolf from the door
If Ad Scheepbouwer, KPN's new chief executive, is searching for advice on how to remedy the Dutch telecommunications company's financial woes, he does not have far to look. According to people familiar with the company, investment bankers are queueing up to ask if he wants to sell core parts of the business - notably E-Plus, its German mobile off-shoot.

Wednesday November 7 2001
KPN: introduction of i-mode in Europe in final phase
NTT DoCoMo and KPN Mobile have taken important steps in introducing mobile internet services in Europe, similar to DoCoMo's highly popular i-mode. DoCoMo on Wednesday licensed to KPN Mobile the key technologies needed for these services. A similar agreement is at the moment being negotiated between DoCoMo and E-Plus.

Monday November 5 2001
KPN: cash from sale of Eircom
The sale of KPN's 21% stake in the Irish telecommunications company eircom is definitive now that the Irish government and the supervisory body have approved the transaction. Within two weeks, Valentia, the consortium that has acquired eircom, will - in conformity with the agreements - fulfill the offer made to the shareholders.

Wednesday October 31 2001
KPN Mobile to sell shareholding in Telkomsel to SingTel
KPN Mobile and Singapore Telecommunications ("SingTel") through its wholly owned subsidiary Singapore Telecom Mobile Pte ("SingTel Mobile") have signed a definitive agreement for SingTel Mobile to acquire KPN Mobile SingTel Mobile will pay KPN Mobile USD 601 mln (approximately EUR 668 mln) in cash on closing of the transaction.

Tuesday October 30 2001
KPN signs definitive agreement on Pannon
Following the Heads of Terms, signed on 26th July 2001, KPN Mobile and Telenor Mobile have signed a definitive share purchase agreement for the sale of KPN Mobile's 44,66% stake in Hungarian mobile operator PannonGSM. Also co-shareholders Sonera (Finland) and TeleDanmark Communications Mobile International (Danmark) have signed this agreement with respect to the disposal of their stakes in PannonGSM (23% and 6,56% respectively).

Thursday October 25 2001
KPN to consult with unions on Social Plan for 4800 employees
The Board of Management of KPN announces that it is going to hold talks with the trades unions on the preparation of a Social Plan for the involuntary redundancy of approximately 4,800 employees. The company wants to shed most of these jobs in the short term. Scaling down the workforce is a major element of the cost reduction programme that KPN announced in 2000.

Friday October 19 2001
KPN to sell 10% of its interest in KPNQwest to Qwest
KPN announces that it has approved the acquisition by KPNQwest of GTS, which it considers an excellent transaction in the growth strategy of KPNQwest. At the same time, as part of its debt reduction strategy, KPN has decided it wants to reduce its financial exposure to the European IP/data market. KPN and Qwest have therefore entered into a transaction comprising the following elements: * KPN will sell 10% of its interest in KPNQwest (20 million shares) to Qwest (and its related-parties) for approximately EUR 101 mln (USD 91,6 mln), based on the average three weeks trading price, wich proceeds KPN will use to reduce debt.

Monday October 8 2001
KPN loses mobiles division chief
KPN is parting company with Diederik Karsten, chief executive of the mobile phone division and a key architect of KPN's recent strategy. Mr Karsten will leave next month to be replaced by Paul Smits, a board director who recently stepped down as group chief executive. KPN declined to comment on the reasons for Mr Karsten's surprise departure on Monday, but the reshuffle is likely to give rise to speculation that he was paying the price for mistakes.

Friday October 5 2001
KPN may sell part of data traffic venture to Qwest
KPN, the debt-strapped Dutch telecommunications company, is in talks with Qwest Communications of the United States aimed at selling part of its stake in their joint venture in European data traffic. KPN said it had approached Qwest seeking to renegotiate their pact under which each had pledged to retain a 44.3% stake until 2004.

Thursday October 4 2001
KPN may sell part of data traffic venture to Qwest
KPN, the debt-strapped Dutch telecommunications company, is in talks with Qwest Communications of the United States aimed at selling part of its stake in their joint venture in European data traffic. KPN said it had approached Qwest seeking to renegotiate their pact under which each had pledged to retain a 44.3% stake until 2004.

Tuesday October 2 2001
Scheepbouwer CEO KPN as of November 1, 2001
The Supervisory Board of Royal KPN announces its intention to appoint Mr. A.J. (Ad) Scheepbouwer as Chairman of the Board of Management of KPN with effect from November 1, 2001. The decision to make this appointment was announced on September 10, with the present chairman of TPG succeeding P. (Paul) Smits as CEO of Royal KPN.

Monday October 1 2001
SNT expects to sign Sales Purchase Agreements with KPN and Atos Origin
Contrary to reports, SNT Group N.V. expects that Sales Purchase Agreements with KPN en Atos Orgin will be signed this week. The Letter of Intent foresees in a fixed price formula. Price variations of the SNT share do not effect the conditions under which the transactoins are closed, these are in accordance with information published at July 17th.

Monday September 17 2001
CSS into partnership KPN and Oracle
CSS announces that the electronic marketplace for ICT Products ATCOST PLUS, in which CSS has a 49% interest, has reached definitive agreement regarding the establishment of a joint venture that will operate under the name PROCLARE. As share partners, KPN and Atcostplus each hold 50% of the shares. Oracle will participate as software partner to support the business processes.

Friday September 14 2001
Telefonica Moviles allies with KPN in Germany
Spanish mobile telephony operator Telefonica Moviles has extended its alliance with German mobile operator E-Plus, controlled by Dutch operator KPN in Germany to an agreement to share the new UMTS 3G mobile telecommunications networks. The 3G group, formed by Telefonica Moviles and Finnish mobile telephony operator Sonera, and E-Plus have signed an agreement that will save them millions of euros in the UMTS infrastructures in Germany.

Wednesday September 12 2001
KPN an agreement with Group 3G
KPN reported on Wednesday its German unit E-Plus expected to seal an agreement with Group 3G to share a third-generation mobile phone network in Germany in a bid to cut costs. Group 3G is a joint venture between Sonera of Finland and Spanish telecoms operator Telefonica Moviles. KPN spokesman Marinus Potman said KPN was in talks with other third-generation mobile phone licence holders to share network construction costs.

Tuesday September 11 2001
KPN secures new credit line
KPN - which owns 21% of Eircom - has changed chief executives and raised E 2.5 billion (dollars 2.25 billion) in new credit to pull the company clear of a debt mountain. Chief executive Mr Paul Smits resigned and was replaced by Mr Ad Scheepbouwer, currently head of the Dutch post and logistics company TPG, a high school dropout who reformed the Dutch Post Office through privatisation.

Smits quits KPN chair with EUR 22.8 bn debt
Paul Smits stepped down as KPN chief executive yesterday, leaving the ailing Dutch telecoms group with EUR 22.8 bn in debt after just a year and a half in office. However, with his resignation and replacement by Ad Scheepbouwer, the chief executive of Dutch postal firm TPG, the group was able to secure a 2.5bn euro loan from an 8-bank consortium that will last until 2004.

Friday September 7 2001
KPN in talks with KVWS on possible acquisition of KPN Netwek Bouw
Royal KPN N.V. and Koninklijke Volker Wessels Stevin N.V. have announced that they are conducting negotiations on the acquisition of KPN Netwerk Bouw B.V. by Koninklijke Volker Wessels Stevin. The parties hope to be soon able to make further announcements about the possible acquisition. The sale of KPN Netwerk Bouw fits in with KPN's previously announced strategy of concentrating on its core activities.

Monday September 3 2001
KPN Q2 results
KPN increased sales by 17.5% in the second quarter of 2001 compared with the same period last year. Sales rose from EUR 2.7 bn to EUR 3.2 bn. All areas of KPN business contributed to the increase but it was driven primarily by Mobile (+15%), Fixed Network Services (+9.9% through higher volumes of Internet and transit traffic) and IP/Data (+32.1%).

Friday August 31 2001
KPN and Belgacom commonly decide to cease merger discussions
Exploratory discussions with respect to a potential business combination involving Royal KPN and Belgacom have been ongoing and have been widely reported. These talks have been friendly and constructive. However, the current market environment in the telecommunications sector has been a complicating factor at this time Royal KPN and Belgacom wish to clarify that it has not been possible to reach agreement key terms of such a combination.

Thursday August 23 2001
Pessimism over Belgacom-KPN negotiations
The absence of any commentary from either Belgacom or KPN on the progress of their merger talks is being interpreted in some circles as an admission of failure. The share price of Dutch telecoms operator KPN recently fell to an all-time low of less than four euros. At the end of July it seemed as if an agreement was in sight, however, the mood has changed since then, possibly because of fresh demands made by the Belgian company.

Friday July 20 2001
Landis, Crown Castle, Lehman Brothers consortium bids for KPN mobile towers
A spokesman for Landis Group confirmed the company formed a consortium with Lehman Brothers and the US group Crown Castle to bid for Royal KPN NV's mobile antenna towers. KPN is collecting bids from parties interested in buying and leasing back the 2200 towers in Holland, Belgium and Germany. The three companies formed a joint venture called Crown Castle Benelux, with Crown Castle International holding 49%, Landis 43% and Lehman Brothers 8%, said Landis spokesperson Ingeborg Visser.

Wednesday July 18 2001
Belgians grow impatient over Belgacom-KPN merger
The public and private shareholders of the Belgian telecommunications company Belgacom are said to be growing impatient with its potential merger partner, Dutch operator KPN. This company has remained silent on the subject of the alliance for almost a fortnight, allegedly because it rejects the idea of a 50/50 merger with the Belgians.

Tuesday July 17 2001
SNT and KPN create Europe's leading Customer Relationship Management company
KPN transfers its CRM activities to SNT. SNT becomes a leading participant in the rapidly growing European CRM market and is well-positioned to lead consolidation. 15.000 people, 8 countries and EUR 600 mln turnover in 2001. The Management Boards of SNT and KPN have signed a Letter of Intent in which they agree to combine their existing Customer Relationship Management (CRM) assets in one listed company: SNT.

Monday July 16 2001
KPN taking for mobile antennae towers sale, leaseback
Royal KPN is compiling a bid book for the sale and leaseback of its mobile antennae towers, a spokesman for the company said. Dutch daily De Telegraaf reported Saturday that KPN has hired Deutsche Bank to compile a bid book for the sale and leaseback of its mobile antennae towers. The company expects to raise NLG 200-300 mln from the transaction, or around 100,000 nfl per tower.

Friday July 13 2001
KPN directors give go-ahead for merger with Belgacom
The board of Dutch telecoms group KPN has agreed to a merger with Belgian counterpart Belgacom. Two directors are personally involved in the merger talks with Belgacom. Briton Dudley Eustace has been appointed to look into the financial implications of the merger. KPN has a 23bn euro debt and a merger with Belgacom could temporarily alleviate the company's debt burden.

Thursday July 12 2001
KPN unit SNT requests investigation into share price decline
KPN NV's 51-pct held unit SNT Group said it has requested Euronext Amsterdam and the Dutch securities watchdog STE to investigate the price development and volumes of SNT shares in the last four trading days. Last Thursday after market close, SNT reiterated its guidance for sales of EUR 165-175 mln and an operating margin of 9-10%.

Thursday July 5 2001
KPN and Telefonica in talks
Telef˘nica, the Spanish telecommunications group, and KPN of the Netherlands have started talks on sharing the cost of developing third-generation mobile networks in Germany, according to people familiar with the negotiations. The agreement between Telef˘nica and KPN is similar to the network sharing deal announced by British Telecommunications and Deutsche Telekom last month.

Tuesday July 3 2001
KPN/Belgacom close to decision
Talks over a 50:50 merger between KPN of the Netherlands and Belgacom of Belgium are reaching their final stages as executives haggle over roles in the future organisation. Personnel issues have now become one of the last remaining obstacles to a merger, two people close to the companies said yesterday.

Friday June 29 2001
KPN stops expansion of fixed Internet activities in Germany
This will allow KPN to give greater priority to strengthening and expanding its leading Internet market positions in the Netherlands and Belgium rather than investing in new markets. This means that the activities of Planet Internet Germany will be wound down. This company currently employs 73 people.

KPN implements securisation program
KPN is pleased to announce that it has established a securitisation program of residential receivables of approximately Euro 250 million arranged by Citibank Schroder Salomon Smith Barney. Securitisation of receivables is a frequently used instrument that in this case pre-finances short term receivables of phonebills of the company's residential clients.

Thursday June 28 2001
KPN amends tariffs
KPN on Thursday announced a new tariff structure for local calls via the fixed network as from 15 August 2001. The call set-up charge is being reduced and the price per minute increased slightly. Short calls will be cheaper for customers but longer calls may be more expensive. On balance the changes will not affect the size of an average user's telephone bill.

KPNMobile changes top-up amounts and validity of prepaid cards
KPN Mobile is making it more attractive for customers to take out a subscription and prepaid customers who make little or no use of their mobile phones will have to pay more for their reachability in future. The company is announcing the following changes: -it is introducing subscriptions that include free call minutes and free SMS messages, and `mega packages' and GPRS subscriptions will also soon be available.

KPN sells Vodafone shares
Royal KPN on Thursday announces that it has completed the sale of 219,720,704 shares in Vodafone Group plc. The total proceeds from the sale were approx. € 572 million. Shareholders in the Irish telecoms operator eircom had received Vodafone shares on May 13 as part-consideration for the sale of its Irish mobile business eircell.

Tuesday June 26 2001
KPN scraps rights issue plan
KPN, the Dutch telecommunications group, yesterday shelved plans for a rights issue in favour of continuing talks aimed at alliances with other European telecom companies, including Belgacom, the Belgian incumbent.

Monday June 25 2001
KPN shelves rights issue as Belgacom deal looms
KPN on Monday shelved plans for a rights issue in favour of continuing talks aimed at alliances with other European telecom companies, including Belgacom, the Belgian incumbent. A person close to the debt-strapped Dutch group said: "An alliance [with Belgacom] would help in the field of future strategy." "If you look at the consolidation process this is not the last thing [that will happen]", he said.

Friday June 22 2001
KPN is closer to rights issue
KPN is firming up plans to deeply discount a rights issue to make the offer more palatable for retail shareholders. Its supervisory board may vote on the issue this weekend, amid persistent speculation over the future of senior executives, including Paul Smits, chairman and chief executive. According to some reports the company is drawing up a list of possible successors.

Thursday June 21 2001
KPN prepares rights issue
KPN, the Dutch telecoms company, is firming up plans for a deeply discounted rights issue that it intends to make more palatable for retail shareholders than previously thought. Its supervisory board may vote on the issue as soon as this weekend but this comes amid persistent speculation over the future of senior executives, including Paul Smits, chairman and chief executive.

Tuesday June 12 2001
KPN sells KPN Lease to De Lage Landen
KPN has signed a `Letter of Intent' (LOI) with the financial service provider `De Lage Landen' (100% subsidiary of Rabobank Nederland) under which De Lage Landen becomes 70% owner of KPN Lease B.V. De Lage Landen will fund the complete portfolio of KPN's lease contracts. In the framework of this transaction, KPN will receive an expected sum of € 150 million, which will be used for net debt reduction.

Monday June 11 2001
KPN: eircom sale completed
A consortium of investment companies under the name of Valentia (consisting of Goldman Sachs, George Soros Equity Fund and Providence) have reached agreement with the Irish telecom operator eircom on an offer for 100% of the shares. KPN, which holds 21% of the eircom shares, has indicated that it is willing to accept this offer.

Greater availability of KPN Supervisory Board members
KPN on Monday announced a greater availability of its Supervisory Board members in the day-to-day affairs of the company. This step forms part of KPN's focus on addressing the complexity of developments in the telecommunications industry, reducing KPN's debt burden (through refinancing of the company and disposal of non-core activities) and sharpening strategy for consolidation within the industry.

Friday June 8 2001
KPN shares to face more pressure on BellSouth
Shares in Dutch KPN Telecom, which plunged to five-year lows this week, could face further pressure if US partner BellSouth opts to convert its stake in German unit E-Plus into KPN shares and sell them on. KPN shares have suffered from continued speculation that the heavily indebted company plans a EUR 5.5 bn rights issue and the prospect of even more KPN stock and earnings dilution could scare off investors, analysts said.

Friday June 1 2001
KPN responses to article in The Financial Times
We are continiously evaluating ways to strengthen our financial position and are reviewing the full spectrum of financing alternatives, including a rights issue, in the context of the prevailing market circumstances. No decisions have been made yet.

KPN implemented an adjusted strategy for Fixed-Network Services segment
In the first quarter of 2001, KPN implemented an adjusted strategy for the Fixed -network Services segment. As part of its ongoing implementation of a more focused strategy, KPN has decided to reorganize some of its business units in order to better service its wholesale customers. This resulted in the creation of a new business unit within the Fixed-network Services segment called Broadband Networks (as previously announced in KPN's full year 2000 results announcement on March 2001).

Monday May 28 2001
KPN-Belgacom discussions restart
In the first half of last year, merger discussions between Belgian and Dutch former monopoly telecommunications companies Belgacom and KPN were abandoned, but have now started again, though the current negotiations are no further advanced than those between Belgacom and other potential partners like German and Italian groups Deutsche Telecom and Telecom Italia.

Sonera and KPN put buzz in quiet day
Weekend press reports created a buzz of excitement at Sonera and KPN with the former said to be in merger talks with Sweden's Telia and KPN gaining from speculation that it was about to dispose of its German mobile arm E-Plus. Sonera, Finland's top operator, surged 8.2 cent to Euros 11.68 on press reports linking the group with Telia.

Qwest 'will not be buying KPN stake'
Qwest, the US tele-communications company, has no intention of buying out KPN, its partner in a European joint venture, according to the American company's chief executive. The comments will come as a blow to some investors in KPN, who had been hoping that a sale of its stake in the joint venture would help to relieve the financial pressure on the Dutch telecommunications group.

Monday May 14 2001
KPN: sale of Eircell a fact
Vodafone's offer for the shares of Eircell, the mobile operator of Eircom (Ireland), has been accepted. In return for its 21% stake in Eircom, KPN will receive about 220 million shares in Vodafone. This transaction is subject to a 'lock-up period', which means that KPN will be able to sell its Vodafone shares as from 12 June.

Tuesday March 20 2001
KPN announces Eurobond
KPN has appointed Abn Amro, Barclays Capital and Credit Suisse First Boston to act as Joint Bookrunners for a European currency bond financing under its Global Medium Term Note programme of approximately EUR 2 bn. The issue will be roadshowed in the week of March 26 after the annual result presentation.

KPN to unveil debt reducing measures
KPN said on Tuesday it will on Monday unveil measures to reduce its EUR 22 bn debt burden by announcing that it intends to sell or reduce its interest in 27 "non-core" operations. The company will target telecoms and network assets outside western Europe and its property portfolio. "This will make a substantial difference (to our debt level)", it said.

Monday March 19 2001
KPN sells interest in Teledynamics
KPN is selling its interest in the call center provider Teledynamics to the Finno-Swedish company TietoEnator. KPN is selling 16% of its shares in the company to TietoEnator now with the remaining 40% being sold at a later stage. The management of Teledynamics owns 17% of the shares. Teledynamics was set up in 1993 and concentrates on the supply and implementation of call center systems in the Benelux.

26 March live KPN annual figures 2000
KPN will present its figures for 2000 on Monday 26 March 2001. The press release and the slides accompanying the press conference and the analysts' presentation will be available on this site from Monday morning. Between 10 a.m. and 11 a.m. on 26 March, during the press conference, Paul Smits (Chairman of the Board of Management) and Maarten Henderson (within the Board of Management responsible for the Financial Portfolio) will explain the figures.

Friday March 16 2001
KPN and ABN Amro Bank end collaboration in Money Planet
KPN and ABN AMRO Bank have decided to end their collaboration in Money Planet, a joint initiative to offer financial services over the Internet in Europe. KPN and ABN AMRO have come to the conclusion that although financial services are and will remain an important theme on the Internet, the specific service they had in mind, offering on-line products and services from various parties, cannot provide the required return on their investment quickly enough.

Thursday March 15 2001
In reaction to recent publication KPN wants to highlight the following facts
KPN has never been in talks with BellSouth about either a possible merger with or acquisition of KPN by BellSouth. Also, there have never been discussions between BellSouth and KPN about possible expansion of the exchange rights or warrant granted to BellSouth as part of the consideration for the acquisition by KPN of 22.5% in E-Plus.

Tuesday March 13 2001
KPN will not leave joint venture, says Qwest president
According to market rumours, Dutch telecoms group KPN has not asked its US partner Qwest to sell its stake in the joint venture KPNQwest. "Both parents are much too proud of KPNQwest to sell part of the subsidiary to the other", Qwest worldwide operations president Afshin Mohebbi said. However, Mr Mohebbi refused to say whether Qwest would be interested if KPN offers its stake. "That is a completely hypothetical question - we have not received any signals about this from KPN", he said.

Wednesday February 28 2001
OPTA tells KPN local rates structure unjust
Dutch telecom regulator OPTA and competition authority NMa said that the difference in Royal KPN NV's local calling rates for consumers and the local rates charged to competitors using KPN's network is too small. PTA and NMa announced the publication of a set of joint price-squeeze directives to ensure fair competition in the Dutch telecom market, adding KPN will be asked to offer solutions for the price squeeze.

KPN in talks for UMTS cooperation in Netherlands, Germany
A spokesman for Royal KPN said the company is considering cooperating with other operators on the roll-out of its UMTS networks in the Netherlands and Germany. KPN spokesman Marinus Potman said the company is already in "exploratory" talks with the other Dutch operators on cooperation. Talks are not just about finances, but also about sharing technologies, Potman said.

Monday February 26 2001
Cabinet wants to end KPN's special status
The Dutch cabinet plans to amend a law which currently gives the government the right to appoint three of KPN 's nine supervisory board members and protects the former state-owned telecoms company from takeover by a foreign party. Dutch finance minister Gerrit Zalm and public works state secretary Monique de Vries, who submitted the amendment, said they are confident that KPN can operate as a normal company now that the liberalisation of the telecoms market is going well.

Thursday February 22 2001
KPN Telecom to change rates for leased lines
On 1 April 2001, KPN Telecom shall changes its rates for national Leased Lines up to and including 2 Mbit/s. The rates for leased lines from 64 kbit/s up to an including 2 Mbit/s will be reduced, whereas the rates for analog and digital leased lines from 1.2 up to and including 19.2 kbit/s will be increased.

Thursday February 15 2001
KPN seeks alternatives for mobile division
KPN is panicking now that the flotation of French mobile telecoms division Orange has ended in tears. The chances that KPN can successfully float its own mobile telecoms division become smaller every day. Insiders believe that the share prices in the telecoms sector have to improve considerably before KPN can seriously consider a flotation.

Wednesday February 14 2001
Moody's reduces KPN credit rating
Moody's, the credit rating agency, yesterday reduced its rating for Dutch telecoms group KPN from A3 to Baa2. Earlier, credit rating firm Standard & Poor's reduced its rating for KPN from A- to BBB+. These negative adjustments of the rating mean that it will become more expensive for the company to borrow money.

Monday February 12 2001
ABN Amro Reverse Exchangeable Securities into ordinary shares of KPN
ABN Amro Bank N.V. announces the following in addition to the press release dated 26 January 2001 regarding the issuance of EUR 50 mln Reverse Exchangeable Securities into shares of KPN: The Securities, each denominated in EUR 1,000, will be redeemed on 19 February 2003 at the discretion of the issuer at par or by delivery of 71.995 shares of KPN per Security.

Friday February 9 2001
KPN selects iBaan OpenWorld for GAIA Project
KPN has selected Baan to implement its iBaan OpenWorld XML-based integration product family. The new iBaan OpenWorld integration technology framework is part of the company's new generation iBaan family of Internet-enabled value-web solutions, and is designed to allow KPN to integrate its Baan applications with third party solutions and legacy systems, and streamline its internal business processes.

Wednesday February 7 2001
KPN Orange Belgium sale finalized
Orange on Wednesday completed the sale of 50% ownership of KPN Orange Belgium to KPN, pursuant to an agreement reached on December 14, 2000. As previously announced, the transaction is worth a net payment to Orange of EUR 500 mln (EUR 398.5 mln for acquisition of the shares and EUR 101.5 mln in shareholders' loans); in addition KPN will assume KPN Orange's debt as of the date of transaction.

Monday February 5 2001
KPN Telecom buys German leisure portal
KPN Telecom said on Monday it was buying the assets of bankrupt German companies Vivity Multimedia Services and Vivity Publishing & Partnership to strengthen its mobile and internet offerings Germany. KPN said it would thereby gain Germany's largest database with information on leisure activities, from restaurant guides to sports facilities, which users can access via their fixed or mobile networks.

Monday January 29 2001
KPN Mobile in mobile services pact
NTT DoCoMo, Sony Computer Entertainment, KPN Mobile, Telecom Italia Mobile, AT&T Wireless, Hutchison 3G UK Holdings, Hutchison Telephone Company Limited and KG Telecom will jointly explore the development of a new service combining NTT DoCoMo's mobile Internet and SCEI's Playstation technologies.The eight parties on Monday each signed a memorandum of understanding.

Friday January 26 2001
Issue by Fortis of 14.00% knock-in reverse convertible notes on KPN
Fortis Bank will lead manage an issue by Fortis Bank Nederland (Holding) N.V. of 14.00% knock-in reverse convertible notes on ordinary shares Koninklijke KPN N.V. The notes will be listed on the stock market of Euronext Amsterdam N.V. The pay-out on the redemption date is either cash at par value or a fixed number of KPN shares.

Thursday January 25 2001
KPN Mobile continues to aim at flotation
KPN is pursuing of its subsidiary KPN Mobile. A company spokesperson denies rumours saying that KPN is considering a demerger. He states that KPN has no reason to change its plans. A demerger would mean that KPN remains the owner of KPN Mobile, while KPN Mobile finances itself with a high interest loan. According to the company spokesperson, this is currently not an option for KPN and probably will not be in the near future.

Wednesday January 24 2001
KPN still plans KPN Mobile IPO this year
KPN Telecom said on Wednesday it was pressing ahead with plans to list KPN Mobile and was not considering a demerger of the unit as suggested by a Dutch newspaper. Het Financieele Dagblad, citing sources, said the Netherlands' leading telecoms company was considering options other than a flotation of KPN Mobile following the lukewarm response to the IPO of Orange, France Telecom's mobile division.

KPN considers mobile options
KPN Telecom is considering turning its KPN Mobile unit into an independent risk-bearing company, largely financed by high-interest loans, instead of the originally planned initial public offering (IPO), Dutch daily Financieele Dagblad said on Wednesday. The paper, citing sources, said the Netherlands' leading telecoms company was considering options other than a floatation of KPN Mobile following the lukewarm response to the IPO of Orange, France Telecom's mobile division.

Tuesday January 23 2001
KPN low on BellSouth's priority lists
Paul Smits, chairman of Dutch telecoms group KPN, suspects that KPN-partner BellSouth, the US telecoms group, is considering to take a majority stake in his enterprise. However, Europe did not feature in the comment which BellSouth gave at the presentation of its results over the year 2000. A BellSouth spokesperson stated that the company will continue to focus on its areas of expansion in the US and Latin-America.

Orange price bad sign for KPN
The flotation of Orange, the mobile telephony division of France Telecom, looks likely to raise much less than expected. This is a setback for Dutch telecoms operator KPN, which wants to float its mobile division later this year. Orange will issue 13 to 15% of shares at 11.50 to EUR 13.50. The minimum capital raised will consequently amount to 55.2bn, much lower than the EUR 150 bn estimated by France Telecom last May.

Monday January 22 2001
KPN, BT, Telekom pray for sweet Orange debut
The cool reception given to France Telecom's discounted price-tag for its mobile phone company Orange left rivals praying on Monday that Europe's flagship listing of 2001 would yet win over investors. Companies such as Deutsche Telekom, BT and Dutch carrier KPN Telecom fear that a price at the low end of the announced range for Orange could force them to price forthcoming floats of their own cellphone businesses this year at steep discounts.

Friday January 19 2001
KPN, Telefinica CEOs reportedly discussed merger recently to no result
Paul Smits and Cesar Alierta, chairmen at Royal KPN and Telefonica SA respectively, met recently to discuss re-opening merger talks, but the conversation was unsuccessful, reported Dutch weekly FEM/De Week, citing informed sources. According to a daily e-mail bulletin from the magazine, around 20 accountants from PriceWaterhouseCoopers are currently surveying KPN's books in preparation for a deal.

Thursday January 18 2001
KPN and DoCoMo jointly introduce European mobile Internet portal
KPN Mobile, its Japanese partner NTT DoCoMo and the Italian mobile operator TIM will jointly develop and introduce a new mobile internet concept for the pan-European market. The parties reached agreement for entry into a three party Memorandum of Understanding on this, on Thursday.

Tuesday January 16 2001
Dutch state, BellSouth to resume KPN talks
The Dutch state, KPN Telecom's major shareholder, and BellSouth are likely to resume talks about the US carrier's option to take a stake in the Dutch telecoms company, the finance ministry said on Tuesday. The finance ministry denied a media report that it was looking to sell its 34.7% stake in KPN Telecom to BellSouth.

Monday January 15 2001
KPN confirms talks on E-Plus bank loan
KPN Telecom, the Netherlands' leading phone company, said on Friday it was in talks with banks to secure up to EUR 2.5 bn (USD 2.4 bn) for its German mobile operator E-Plus. KPN said in a short statement issued late on Friday that it was holding the talks together with Bell-South and E-Plus. KPN owns 77.5% of the German mobile provider, BellSouth the remaining 22.5%.

Friday January 12 2001
KPN share price boosted by rumours of a merger with Telefonica
Rumours of a possible merger between Spanish telephony group Telefonica SA and its Dutch counterpart KPN returned to the markets yesterday. KPN's share price rose 5.2% to EUR 16.86, bringing its week-increase up to over 10%. For its part, Telefonica closed at EUR 19.05, 2.57% up. The two companies considered a merger in May, but the proposal was eventually rejected by Telefonica's board.

Monday January 8 2001
KPN's total operating revenues increase by 25% in 2000
Royal KPN NV's total operating revenues (excluding book profits) increased by 25% in 2000 to approx. € 10.7 billion. A large proportion of this is due to the acquisition of the German mobile operator E-Plus. Paul Smits, Chairman of the Board of KPN, made the announcement on Monday during a new year reception for management.

Friday January 5 2001
KPN to feature Indiqu content
KPN Mobile is the latest carrier to choose Indiqu's content for its mobile information services. Indiqu is to provide KPN with a range of entertainment applications, including casino, card, arcade, sports, quiz show, board and parlor games, all in Dutch language implementations. KPN will make the services available to its 10m subscribers through its M-Info portal.

Thursday January 4 2001
KPN silent on talks
KPN Telecom declined to comment Thursday on an ABN AMRO research note which said the Netherlands' leading telecom company was in talks with its Japanese and US partners about a cash injection that would help reduce its debt. "We have absolutely no comment to make", a KPN spokeswoman said. KPN could receive more than GBP 3 bn euros (USD 2.85 bn) from Japanese cellphone company NTT DoCoMo, which owns a 15% stake in KPN Mobile, and US carrier BellSouth, with whom KPN jointly owns German mobile operator E-Plus, ABN AMRO said.

Thursday December 28 2000
KPN will accept a B credit rating
KPN chairman Smits said KPN will accept a B credit rating, but aims to return to an A rating in the next eighteen months. Moody has said it is considering cutting KPN's rating to B from A, citing the company's huge debts. Smits expects another wave of consolidation on the European telecom market, following the billions paid out for third generation mobile licences.

Thursday December 21 2000
KPN acquires majority share in Promotime publishers
KPN Telecommerce has purchased a 51% share in Promotime Publishers, Haarlem, the Netherlands. Promotime publishes a number of leading specialist Internet and gaming magazines in the Benelux such as PC Zone (60,000 copies), Playnation (60,000 copies), NetGeneration (220,000 copies) and CTW Benelux. For KPN Telecommerce, Promotime's content and magazines are an important enrichement of the existing gaming (Internet games) activities of Planet Internet, Het Net and 3rd Elevation (M-Player Europe).

KPN supports Vodafone offer for Eircell
KPN supports the offer announced on Thursday by Vodafone to acquire eircoms mobile communications business Eircell. For KPN it means a major step in selling its 21% interest in the Irish Telecomoperator, as part of its non core asset disposal programme. The transaction creates for KPN proceeds of € 875 million, based on Vodafone's closing share price on 20 December 2000.

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