New Street Research - KPN (KPN) KPN (Neutral, TP: €4.0, +0%) Odido (Overweight from Equal Weight) NL meeting notes - Change is coming

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New Street Research

Russell Waller

EUR 8998.00 For Business Accounts Only

KPN (Neutral, TP: €4.0, +0%) Odido (Overweight from Equal Weight) NL meeting notes - Change is coming

We recently met KPN (IR) and Delta (CFO) in The Netherlands. In addition, we worked closely with VodafoneZiggo post the recent results and update views on all the Dutch names in this report.

13/05/2025 1 EN

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KPN

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Russell Waller

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KPN (Neutral, TP: €4.0, +0%) Odido (Overweight from Equal Weight) NL meeting notes - Change is coming

KPN (Neutral, TP: €3.9, -3%) Q1 25: Better growth and beat vs consensus – results and call summary

EU TELCOS: What a recessionary scenario might look like

Vivo / Telefonica Brasil (Buy, TP: BRL33, +21%) Q1 25: Solid start to the year

FCC Chair Escalates DISH/SpaceX battle

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