KPN to invest 5 billion euros at home by 2030, increase dividends

(Reuters) -Dutch telecoms group KPN said on Wednesday it planned to invest more than 5 billion euros ($5.83 billion) in its home country through 2030, focusing on fibre optic networks, 5G, artificial intelligence and cybersecurity.

The company also said it would increase dividend payments to shareholders from 2026, distribution 80% of free cash flow as dividends.

It set dividends at 0.20 euro per share in 2026 and 0.25 euro per share in 2027.

KPN delayed a cost-cutting target, saying it now expects to save 100 million euros in annual operating costs by 2030 rather than 2025.

The company said investment spending would fall below 1 billion euros in 2027 before stabilizing.

($1 = 0.8575 euros)

(Reporting by Leo Marchandon and Jakob Van Calster in Gdansk, editing by Anna Pruchnicka)