AllAnalyst Report
logoMorningstarDecember 04, 2021

Koninklijke KPN N.V.: No Surprises in KPN's Q3 2021 Results; Regulator's Report Expected in November; Maintaining Our FVE

Communication Services
Current Price
Fair Value
Economic Moat

KPN is the incumbent telecom operator in the Netherlands. It has around 40% share of the broadband market and 20% of the postpaid mobile market, mainly competing with VodafoneZiggo (mobile and fixed) and T-Mobile Netherlands (mainly mobile). KPN is rolling out fiber to the home in the Netherlands and expects to have most of the country covered by 2025.

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