InfoAnda - Dutch 4G frequency auction raises more than expected |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. gives ally Afghanistan special security status | | 7 July 2012
Irish police free fourth suspect in cartoonist plot probe | 14 March 2010
Young migrants commit third of China crimes: report | 25 February 2011

Glee star Lea Michele to sing at Super Bowl | | 29 January 2011

Forum Views () Forum Replies ()

Read more with google mobile : Dutch 4G frequency auction raises more than expected |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Pictures Our best science photos of 2012 The year that was in science and technology images. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Tearful Obama calls for "meaningful action" after school shooting | 14 Dec 2012 Connecticut gun rampage: 28 dead, including 20 schoolchildren | 14 Dec 2012 Twenty schoolchildren, eight others dead in Connecticut massacre | 2:42am EST Young man returns to elementary school as mass killer 12:08am EST Connecticut school could not have prevented shooting, experts say 12:04am EST Discussed 188 Connecticut town’s schools locked down following shooting report 81 Protesters to march on Michigan capitol over ”right-to-work” vote 81 Obama says he’s ready to work with Republicans to avoid ”fiscal cliff” Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Elementary school shooting tragedy Dozens of people, including children, are reported killed in a mass shooting at an elementary school in Newtown, Connecticut. Slideshow Goodbye moon 40 years ago, mankind took its last steps on the moon with the Apollo 17 lunar mission. Slideshow Sponsored Links Dutch 4G frequency auction raises more than expected Tweet Share this Email Print Related News D. Telekom hopes investments will soften dividend blow Fri, Dec 7 2012 Costco to pay out $3 billion in special dividend Wed, Nov 28 2012 Wal-Mart moves up dividend to avoid "fiscal cliff' Mon, Nov 19 2012 Analysis & Opinion Promoting investigative journalism in Pakistan, one tax return at a time Corporate America fears taxes more than recession Related Topics Tech » Media » Investing Simplified » By Thomas Escritt and Sara Webb AMSTERDAM | Fri Dec 14, 2012 7:00pm EST AMSTERDAM (Reuters) - The Dutch state raised much more than expected in its auction of fourth generation (4G) wireless frequencies, with prices so high market leader KPN said it would have to cut dividends to afford its licences. The auction raised a much higher-than-expected 3.8 billion euros ($5 billion) and the result will lead to fierce competition in one of Europe's most lucrative mobile phone markets as the winners roll out faster, fourth-generation services which allow consumers to watch video and surf the Internet on the move. The Dutch market is currently dominated by KPN, Vodafone and Deutsche Telekom, all three of which won licences, as did new entrant Tele2 of Sweden. Two cable companies - Ziggo and UPC, owned by Liberty Global, which already have strong shares in broadband and pay-TV - said they made a joint bid but later pulled out of the auction later because the bidding went too high. KPN, which is 28 percent owned by Mexican telecoms tycoon Carlos Slim, said the cost of the licences meant it would no longer be paying a final dividend for 2012 and would pay out only 0.03 euros per share for 2013, far lower than already revised dividend forecasts. It had already cut its dividend forecast for this year to 0.35 euros from an initial planned payout of 0.90 euros. It has paid an interim dividend of 0.12 euros. KPN had been planning a payout for 2013 of 'at least' 0.35 euros. Traders and analysts have previously expressed concern about the ability of KPN to pay dividends given it has a debt to core profit ratio exceeding its own targets. KPN shares hit a 10-year low of 3.90 euros in November. Eelco Blok, KPN's chief executive, later acknowledged on a conference call that KPN was paying a "considerable price" for the licence, but said that as the market leader, it could not afford to miss out on the auction. He also said it would produce a good return over its 17-year duration. KPN, which expects to roll out its new 4G services from February, did retain its outlook for 2012 core profit, cashflow and capital expenditure. It said it would draw on existing cash and its 2 billion euro revolving credit facility to finance the purchase. The dividend cut will save it 800 million euros. Asked about the impact on debt and its financial health, Blok said investors would have to wait until the company reported fourth-quarter results on Feb 5. WELCOME WINDFALL The Dutch government had counted on raising about 480 million euros from the auction, and the better-than-expected result provides a welcome windfall at a time of austerity measures and budget cuts amounting to 46 billion euros by 2017. The Netherlands set aside spectrum for new entrants at the October 31 auction in a bid to boost choice and lower prices in a country with 19.6 million mobile phone subscriptions - more than one for every head of population. The auction of 41 separate spectrum licences was the biggest in Dutch telecommunications history, the state telecoms agency said on Friday. Swedish firm Tele2, which was already present on the Dutch market as a virtual operator, will now be able to build out its own network, the agency said in a statement. "This will create more competition," it added. Vodafone paid 1.38 billion euros for nine licences, KPN paid 1.351 billion euros for 15 separate licences, while Deutsche Telekom's T-Mobile spent 911 million euros on 15 licences. Tele2 made a bid of 161 million euros and won two licences. Some of the spectrum licences will kick off next year and most will run for 17 years. "The existing Dutch mobile market today still faces one of the highest price levels in Europe and slow innovation within mobile broadband," Guenther Vogelpoel, CEO of Tele2 Netherlands, said. (Additional reporting by Phil Blenkinsop in Brussels and Simon Johnson in Stockholm; Editing by Hans-Juergen Peters) Tech Media Investing Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 15 December 2012
Russia retaliates against U.S. rights legislation |
U.N. agency sees deal soon to check Iran nuclear work |
With Chavez sidelined, opposition tests strength in Venezuela polls |
Italy's left says Monti run morally questionable |
UFO hacker won't be tried in Britain for U.S. crimes |
U.S. pro-democracy groups pulling out of Russia |
McAfee says will not return to Belize, willing to talk to police |
Global telecom treaty without Net controls signed by 89 nations |
X Factor judge L.A. Reid quitting TV talent show |
Hobbit debut reaps $13 million in U.S. and Canada, a December record |
Can a funeral home breathe life into Italian cinema? |
Roll Up! Magical Mystery Tour gets U.S. TV debut |
Fifty Shades Freed most popular book on Amazon in 2012 |
Polls open in Egypt's constitution referendum |
Venezuela furious at Obama's comments on ailing Chavez |
Egypt faces divisive choice over political future |
Defiant leader of Cayman Islands under pressure to resign |
Microsoft, Motorola file to keep patent case details private |
Wal-Mart selling Apple's iPhone 5 at big discount |
Dutch 4G frequency auction raises more than expected |
White House TV comedy aims for laughs, not politics |
One Direction, Rihanna, Adele lead Billboard 2012 charts |
Greta Garbo's dresses, caps fetch high prices at auction |
Sam's Casablanca piano sells for $602,500 at auction |
Japan's LDP leads as candidates make last appeals for votes |
Patriot missiles in Turkey threaten world war: Iran army chief |
Syrian jets strike rebels around Damascus |
Nelson Mandela had gallstones removed, recovering: South Africa |
Russian police swoop on opposition leaders |
Yemen gives 93 soldiers jail terms for attack on base |
U.N. court orders Ghana to release Argentine naval ship |
Turkey seizes drugs, guns, ammo in raid on Kurdish rebels |
Congo's Kabila says plans initiative to unite country |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01