- Even after news that EQT AB Group and Stonepeak are preparing a takeover bid, KPN shares kept trading in the 7-year range of between 2 and 4 euro.
- KPN has protection against hostile takeovers. In general, a takeover bid has minimal chances to succeed, as failed earlier attempts illustrate.
- Over the last 20 years, KPN changed its focus from international to local, from copper to fiber infrastructure, and from growth-oriented to cost-efficiency oriented.
- Now, a future of few surprises awaits KPN as a relatively small independent telco: gradual replacement of copper with fiber, activities in the Netherlands only, and more cost reductions.
- The company is set to survive, but probably not thrive. Buy and own KPN shares for the dividend, not capital gains. Take care to buy low.
For further details see:
Koninklijke KPN Shares Keep To The Range And Ignore Another Takeover Bid