(Reuters) -Dutch telecoms group KPN said on Wednesday it planned to invest more than 5 billion euros ($5.83 billion) in its home country through 2030, focusing on fibre optic networks, 5G, artificial intelligence and cybersecurity. The company also said it would increase dividend payments to shareholders from 2026, distribution 80% of free cash flow as […]
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KPN to invest 5 billion euros at home by 2030, increase dividends
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(Reuters) -Dutch telecoms group KPN said on Wednesday it planned to invest more than 5 billion euros ($5.83 billion) in its home country through 2030, focusing on fibre optic networks, 5G, artificial intelligence and cybersecurity.
The company also said it would increase dividend payments to shareholders from 2026, distribution 80% of free cash flow as dividends.
It set dividends at 0.20 euro per share in 2026 and 0.25 euro per share in 2027.
KPN delayed a cost-cutting target, saying it now expects to save 100 million euros in annual operating costs by 2030 rather than 2025.
The company said investment spending would fall below 1 billion euros in 2027 before stabilizing.
($1 = 0.8575 euros)
(Reporting by Leo Marchandon and Jakob Van Calster in Gdansk, editing by Anna Pruchnicka)