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KPN and ABP Launch New Tower Company Althio

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KPN and ABP Launch New Tower Company Althio

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Royal KPN NV ( (GB:0O8F) ) has shared an announcement.

Royal KPN N.V. and ABP have launched a new joint venture, Althio, following the approval by the Dutch Authority for Consumers & Markets. This move aligns with KPN’s strategy to enhance its infrastructure asset value and flexibility, while also positively impacting its financial guidance for 2025. The consolidation is expected to contribute to improved EBITDA and free cash flow, while maintaining KPN’s leverage ratio within the expected range.

More about Royal KPN NV

Royal KPN N.V. is a telecommunications company in the Netherlands, providing a range of services including mobile and fixed-line telephony, internet, and television services, with a market focus on delivering robust digital infrastructure.

YTD Price Performance: 1.38%

Average Trading Volume: 1,969,776

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €13.66B

See more insights into 0O8F stock on TipRanks’ Stock Analysis page.

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