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KPN Announces Adjustments to Reporting Format - On 24 April, KPN will be publishing its Q1 2012 results in an adjusted reporting format following the implementation of the new management executive structure - KPN.com
KPN Announces Adjustments to Reporting Format

 

NewswireToday - /newswire/ - The Hague, Netherlands, 2012/03/13 - On 24 April, KPN will be publishing its Q1 2012 results in an adjusted reporting format following the implementation of the new management executive structure - KPN.com.

   
 
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On 24 April 2012, KPN will be publishing its Q1 2012 results in an adjusted reporting format following the implementation of the new management executive structure, effective from 1 January 2012. The new structure has been implemented to enable a more direct control of the operational activities and ensure closer alignment with market dynamics. KPN’s Group Executive Committee will direct the operational activities under the supervision and responsibility of the Board of Management.

The main changes in the reporting format are the following:

• Consumer segment split in Consumer Residential and Consumer Mobile;
• Wholesale & Operations and ITNL merged into one entity; NetCo (Network Company);
• Telfort activities (previously included in Consumer) allocated to Consumer Residential, Consumer Mobile, Business and NetCo.

The new reporting format will have an impact on a divisional basis only, not on KPN Group reporting. For an explanatory presentation including a full overview of the changes and restated facts and figures for 2011 and 2010, please refer to kpn.com/restatement (publications, other).

KPN (kpn.com) is the leading telecommunications and ICT service provider in The Netherlands, offering wireline and wireless telephony, internet and TV to consumers, and end-to-end telecommunications and ICT services to business customers. KPN’s subsidiary Getronics operates a global ICT services company with a market-leading position in the Benelux, offering end-to-end solutions in infrastructure and network-related IT.

 
 
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Written by / Agency / Source: KPN N.V.

 
 

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KPN Announces Adjustments to Reporting Format

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