KPN profits up, HD IPTV coming soon
Dutch telecoms group KPN said it saw "no sign of recovery yet" in its business markets due to the recession, but third-quarter operating profit was up slightly as the company managed to squeeze out costs.
KPN's third-quarter operating profit was in line with average expectations, while revenue fell slightly short on weakness in its home business market. Third-quarter earnings before EBITDA was up 4.4 per cent at E1.33 billion. Revenue dropped 5 per cent to E3.33 billion.
KPN said it now has 924,000 digital TV customers. Approximately 70,000 of those subscribe to the IPTV service, the terrestrial digital TV platform Digitenne has 854,000 subscribers. It expects to reach the 1 million mark in 2010.
The telco has also confirmed plans to launch HD television on its IPTV service in the second quarter of next year. The company is currently in the process of updating its copper network by upgrading to VDSL2 across the network.