KPN looks for €4bn after disappointing results

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KPN looks for €4bn after disappointing results

KPN is to raise up to €4bn through the sale of new shares, after the Dutch telecoms company reported weak results for 2012 before markets opened on Tuesday morning. The company is expected to raise the capital through a rights issue, though some of the target could be reached through equity-linked or other hybrid products, depending on market conditions, it said.

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