KPN Koninklijke

Company Description

KPN is the Netherlands' largest telecommunications company and the country's incumbent telecom operator, providing mobile phone service, home internet, and television to millions of Dutch consumers and businesses. If you live in the Netherlands, there's a good chance your internet connection runs through KPN's network. The company holds approximately 40% of the Dutch broadband market and 20% of the postpaid mobile market, competing primarily with VodafoneZiggo and Odido. KPN is aggressively rolling out fiber-optic internet across the Netherlands—together with its Glaspoort joint venture, it now covers 63% of Dutch households with fiber and aims to reach roughly 80% by the end of 2026. The company also provides IT services including cloud computing and cybersecurity solutions for businesses. KPN originated as the Dutch government's postal, telegraph, and telephone service before being privatized in 1989. The name KPN stands for 'Koninklijke PTT Nederland' (Royal PTT Netherlands), reflecting its origins as a state monopoly. Today, Mexican telecom giant América Móvil owns close to 30% of the company, making it KPN's largest shareholder. Headquartered in Rotterdam with approximately 10,300 employees, KPN generated €5.6 billion in revenue in 2024. The company's 'Security First' strategy emphasizes cybersecurity as societies become increasingly dependent on digital infrastructure. Under CEO Joost Farwerck, KPN has maintained a cost-conscious approach that has allowed consistent dividend growth. In 2025, the company partnered with Dutch pension fund ABP to house its mobile infrastructure (towers and rooftop locations) in a new company called Althio.