nu

KPN fiber now available to over 70 percent of households

KPN fiber now available to over 70 percent of households

KPN has expanded its fiber optic network to cover over 70 percent of Dutch households, reporting strong financial growth and an increase in mobile subscribers for the third quarter. While the company continues to replace traditional infrastructure, concerns remain regarding competitive access to its network and the actual usage rates of its installed fiber connections.

Dutch telecommunications company KPN recently reported that fiber optic access is now available to over 70 percent of households across the country. During the third quarter, the company focused significantly on expanding its fiber infrastructure while also seeing growth in its mobile subscriber base, which gained 24,000 consumer and 42,000 business accounts. Financial results showed a revenue increase to 1.5 billion euros, with net profit rising by 5 percent to 249 million euros. Despite these gains, KPN noted a slower decline in its traditional broadband subscriber numbers.

While KPN continues to replace older telephone lines with fiber optic technology, the company faces scrutiny regarding its network pricing. Competitors utilizing the KPN network have struggled to match the provider's retail pricing, leading many customers to migrate directly to KPN. Furthermore, data indicates that physical deployment varies, as not all reported connections are currently active inside homes. Out of 6 million accessible households, only 5 million have cables fully extended to the meter cupboard, with 3.75 million active internet subscriptions currently in use.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

Related articles

Young faces sense their chance: with a good brain and fast Wi-Fi, there is a lot of money to be made

Young faces sense their chance: with a good brain and fast Wi-Fi, there is a lot of money to be made

The latest Quote 500 list demonstrates that young entrepreneurs can achieve significant wealth rapidly through the internet. Experts suggest that intelligence combined with a stable high-speed internet connection is sufficient to become a multimillionaire, leading to expectations of more young individuals entering the list soon.

From Arnhem to the Bahamas and Hong Kong: the mystery surrounding Tether billionaire Jean-Louis van der Velde

From Arnhem to the Bahamas and Hong Kong: the mystery surrounding Tether billionaire Jean-Louis van der Velde

Jean-Louis van der Velde is a mysterious Dutch billionaire and a key founder of the cryptocurrency firm Tether. Despite facing significant controversy and scrutiny over the years, he has successfully obscured his digital history while living quietly in Hong Kong.

Dutch people hold 3.2 billion euros in crypto at domestic exchanges, bitcoin by far the most popular

Dutch people hold 3.2 billion euros in crypto at domestic exchanges, bitcoin by far the most popular

Dutch households held 3.2 billion euros in cryptocurrencies through local providers as of the end of June, marking a decrease from earlier this year. Bitcoin remains the most popular asset, accounting for 1.5 billion euros of the total market value.

Dutch bitcoin company Bitonic hacked, bitcoins from three customers stolen

Dutch bitcoin company Bitonic hacked, bitcoins from three customers stolen

The Dutch bitcoin company Bitonic suffered a cyberattack that resulted in the theft of funds from three customers and the unauthorized alteration of account login information. The platform has since resolved the vulnerability, fully compensated the affected users, and is now advising all clients to update their passwords while an investigation continues.

Media companies send urgent letter about 'TV boxes': 'This has grown into a cross-border business model'

Media companies send urgent letter about 'TV boxes': 'This has grown into a cross-border business model'

Major Dutch media companies have called on government ministers to address the widespread and growing issue of illegal streaming devices and services. They argue that these illicit platforms threaten legal media revenues, endanger consumer data through malware and fraud, and require urgent, coordinated governmental action.