This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

Tracking global change in IT Infrastructure
  • Datacloud Nordic 2016
  • Datacloud Nordic 2016

News Archive

Dutch telecom KPN says Q4 earnings down 63%

Dutch telecommunications company Royal KPN NV has reported a 63% fall in fourth quarter earnings, mostly due to a large charge on its IT consulting business, Getronics, which it is now selling. Net profit in the quarter was €176 million from €475 million in the same period a year ago, including the €298 million charge.

The company said it will cut up to 2,500 jobs at Getronics and sell off parts of the business with 4,900 more. It will sell Getronics' European operations outside the Netherlands to Germany's Aurelius AG and its Latin American business to private equity firm OpenGate capital. KPN said the businesses disposed had combined sales of €665 million last year. KPN bought Getronics for €776 million in 2007.

Source: Canadian Business

Here for full article

Data Center Luxembourg

Datacloud Nordic 2016

Get the latest Datacentre industry news

Subscribe now to receive your daily news email with insights, worldwide headlines & much more, and it's FREE.

Sign-up today and receive a free detailed overview of the acclaimed "Western Europe Data Centre Market" Report plus unique 25% discount off the full price.