KPN announces Connect, Activate & Grow strategy
- Delivered sustainable Group service revenue growth, achieved key ambition of Accelerate to Grow strategy
- Staying frontrunner in ESG: fully embedded in Connect, Activate & Grow strategy
- Targeting continued service revenue growth, supported by leading converged portfolios in B2C and B2B
- Modernizing operating model to deliver quality improvements and indirect cost savings
- Completing fiber roll out and delivering ~80% fiber footprint end-2026, Capex remains at ~€ 1.2bn annually until 2026
- Capex coming down below € 1.0bn as of 2027 driven by finalization of fiber project
- Leading to 3-3-7 financial ambitions: ~3% service revenues CAGR, ~3% EBITDA CAGR and ~7% FCF CAGR until 2027
- Continuing policy of returning full Free Cash Flow to shareholders, ~€ 3.8bn cumulative distributions by 2027
For the full disclosure, please see the attached press release