|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.7960 - 2.8370|
|52 Week Range||2.3380 - 2.9780|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||51.85|
|Earnings Date||Jan 29, 2020|
|Forward Dividend & Yield||0.12 (4.30%)|
|1y Target Est||3.03|
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Top Dutch telecoms company KPN NV on Tuesday named insider Joost Farwerck as its new chief executive officer and announced a wider management revamp, a day after it dropped a previous CEO candidate amid an insider trading investigation. KPN has been looking for a new CEO since June when Maximo Ibarra quit after just over a year in the job to lead Sky Italia. On Monday, it dropped its plan to name Belgian executive Dominique Leroy to the job, after she became embroiled in an insider trading investigation in Belgium.
Dutch telecoms firm KPN ditched plans to name Belgian executive Dominique Leroy as its new CEO because she is under investigation for selling shares in her previous company, Proximus , while she was in talks to take the KPN job. Leroy, who was to have begun work on Dec. 1, denies any wrongdoing. Monday's announcement throws KPN's CEO hunt to fill the vacancy left by Maximo Ibarra back into uncertainty.
AMSTERDAM/BRUSSELS (Reuters) - Belgian police searched the home and office of Dominique Leroy, the incoming chief executive of Dutch telecom firm KPN, to investigate her sale of shares in Proximus, the company she is leaving. Leroy told Belga news agency police searched her home and office over the August share sale, completed about a month before her new job was announced. The Sept. 5 announcement that KPN had hired her from Proximus, which she led since 2014, was cheered by investors and pushed up the Dutch firm's share price.
KPN reported a 3.6% gain in core profits for the second quarter, despite suffering a major network outage that was followed by news that Chief Executive Officer Maximo Ibarra would be leaving the Dutch telecoms firm in September. The Dutch telecoms market leader suffered a four-hour network outage that knocked out emergency service lines on June 24.
The Dutch government launched an inquiry on Tuesday into a nationwide network outage at telecoms company KPN that knocked out emergency service numbers for nearly four hours, with the company pointing the finger at a software error. Monday's network problem, which rendered national police, ambulance and fire department emergency numbers unreachable, did not appear to be the result of a security breach, KPN said. Justice Minister Ferd Grapperhaus told Dutch lawmakers that during the outage three KPN backup systems had failed, and the government had moved to an "analog" play-book crafted for situations in which digital services failed.
The Dutch government launched an inquiry on Tuesday into a nationwide network outage at telecoms company KPN that knocked out emergency service numbers for nearly four hours, with the company pointing the finger at a software error. Monday's network problem, which rendered national police, ambulance and fire department emergency numbers unreachable, did not appear to be the result of a security breach, KPN said.
The Dutch were given a frightening lesson about society's reliance on technology. A major telecommunications outage knocked Netherland's version of 911 offline for a few hours on Monday, reported Reuters . The outage originated on Royal KPN's network and impacted both landlines and mobile phones. It's unclear what caused the event, though KPN has ruled out a security breach. The network went offline at around 3:45 pm in the Netherlands, and was restored roughly four hours later. Public officials immediately flocked to social media to warn Dutch residents of the outage. In case an emergency hit, people were instructed to go to the nearest hospital or fire station directly rather than call a dispatch operator. Temporary mobile phone numbers were soon given out for emergency services. Police could even be reached by email or Whatsapp. Other emergency services in the country asked residents to reach out to them on Twitter or Facebook.
A nationwide telecommunications outage in the Netherlands knocked police and emergency numbers offline for roughly four hours on Monday before national carrier Royal KPN NV said service was restored. "We have no reason to think it was (a hack) and we monitor our systems 24/7", a KPN spokeswoman said. Anna Posthumus, a spokeswoman at the National Coordinator for Security and Counter-Terrorism, said it is "too early to say" whether there may have been a cyber attack.
U.S. Ambassador Pete Hoekstra said on Wednesday the Dutch government should ban Huawei outright from supplying equipment for a new 5G mobile telecommunications network in the Netherlands if it wants to prevent spying by the Chinese state. Leaders in the Netherlands have not yet taken a position on using Huawei technology ahead of a 5G network auction process due to begin in coming months. Hoekstra made his comments as U.S. Secretary of State Mike Pompeo finished a tour of Western European countries, including Germany and Britain, which have also resisted U.S. calls for an ban after Washington blacklisted Huawei.
Chinese telecoms equipment maker Huawei has a hidden "backdoor" on the network of a major Dutch telecoms firm, making it possible to access customer data, newspaper De Volkskrant said on Thursday, citing unidentified intelligence sources. The newspaper said Dutch intelligence agency AIVD was looking into whether the situation had enabled spying by the Chinese government. In a statement, Huawei said it was "surprised" by the Volkskrant report and that it would not respond to its core allegations because they came from anonymous sources.
Dutch telecom firm Royal KPN NV said on Friday it would select a Western supplier to build its core 5G mobile network, making it one of the first European operators to make clear it would not pick China's Huawei for such work. The United States has been seeking to discourage its allies from using equipment made by Huawei because of concerns that it could be used for spying by the Chinese government. Huawei says such worries are baseless and U.S. policy is driven by economic interests.
AMSTERDAM (Reuters) - Dutch telecom company KPN will strip out equipment made by China's Huawei from its existing core mobile telecommunications network at the same time as it upgrades to 5G technology, ...