KPN solid full-year 2008 results

DEN HAAG — KPN (Amsterdam:KPN) group revenues and other income in Q4 were up 1.6% y-on-y, or EUR 59m to EUR 3.7bn, driven by continued growth at Mobile International.

Reaching critical mass with 775k TV customers

TV net adds continued to increase relative to competition, with KPN’s digital TV market share increasing from 18% in Q4 2007 to 22% in Q4 2008. At the end of Q4 2008, KPN had 775k TV (Digitenne DTT and IPTV) customers, up 56% compared to Q4 2007, of which circa 40k were IPTV customers.

KPN believes that the milestone of one million subscribers is achievable by late 2009/early 2010. In Europe, KPN is the only telecom incumbent holding a large share of the TV market, in a country with strong cable competition.

                             1Q07  2Q07  3Q07  4Q07  1Q08  2Q08  3Q08  4Q08
                             ----  ----  ----  ----  ----  ----  ----  ----
KPN TV subscribers (x1,000)   296   337   414   497   553   636   700   775
Market share (%)               13    14    17    18    19    20    21    22

Wireless services

As per Q4 2008, KPN had 30k customers on its DVB-H network. Whilst this service is still in a start-up phase, KPN is satisfied with the customer base development.

More: Earnings Release