Koninklijke KPN NV

KPN: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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KPN's 2026 EBITDAaL Targets Hold, With 2027 Targets Depending on Mobile Holding Up

Javier Correonero

Sep 14, 2026

Business Strategy and Outlook

KPN is the incumbent telecom operator in the Netherlands, operating in the fixed-line and mobile markets. KPN has maintained a stable market share during the past decade in broadband, where it shares leadership with peer VodafoneZiggo (40% market share each).

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Koninklijke KPN NV

KPN's 2026 EBITDAaL Targets Hold, With 2027 Targets Depending on Mobile Holding Up

Business Strategy and Outlook

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