KPN wipes the slate clean

News

news5-gif

Corporate bond investors are welcoming the Dutch telephone company KPN’s decision to write off a substantial proportion of its investments in third-generation mobile phone licences.

The company announced a €9 billion write-down in the value of its licences and customer base, in its second-quarter earnings released in late August.

Nigel Sillis, credit analyst at Baring Asset Management, says the write-down does not cost the company anything in cash and only brings the valuations into lin

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: