Dutch telco KPN hay reported a 4.8 per cent rise in second quarter net profit as cost cutting offset a revenue decline, but it lowered its revenue guidance for the full year and for 2010 as the economic downturn hits demand from businesses.
KPN now expects both 2009 and 2010 revenue to be in a range between E13.6 billion and E13.8 billion. Previously the Dutch telecom provider guided for 2009 sales in line with the E14 billion posted in 2008 and a slight revenue increase in 2010.
The telco reached around 60,000 subscribers for its IPTV service ‘Interactieve TV’ by the end of June, compared to around 40,000 at the end of December 2008, with the remainder of its pay-TV customers subscribing to its DTT service ‘Digitenne’. KPN already delivers triple-play services including high-definition IPTV over its burgeoning fibre infrastructure, and is scaling up its IPTV-over-copper operations, and has stated that it plans to introduce HDTV to customers on its copper infrastructure in 2010.
KPN also reported it expects to pass around 850,000 homes with its fibre network by the end of this year, of which around 400,000 will be served with FTTH and around 450,000 will be served with FTTC.