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Nov 5 (Reuters) - KPN (KPN.AS), opens new tab plans to invest more than 5 billion euros ($5.83 billion) in the Netherlands through 2030, focusing on fibre-optic networks, 5G, artificial intelligence and cybersecurity, the Dutch telecoms group said on Wednesday. The company said it would raise dividend payouts to shareholders from 2026, distributing 80% of free cash flow as dividends. KPN set dividends at 0.20 euro per share in 2026 and 0.25 euro per share in 2027. Advertisement · Scroll to continueReport Ad The company's shares rose 1.7% at 0815 GMT against a bearish pan-european STOXX index (.STOXX), opens new tab, which fell about 0.3%. The group delayed its cost-cutting target, now aiming to save 100 million euros in annual operating costs by 2030 instead of 2025. Capital spending is projected to fall below 1 billion euros in 2027 before stabilising, the company said. KPN, which already connects 70% of Dutch households with fibre, said it would lift its previous plan and aim to reach 85% by 2030, from 80% by 2026. The telecom operator added that it is working with the Dutch government and private partners to develop independent cloud infrastructure. Advertisement · Scroll to continue ($1 = 0.8575 euros) Ad Break Coming Up NEXT StayNext OffEnglish 180p288p360p480p540p576p720pHD1080pHDAuto (180p) About ConnatixV2139381526 About ConnatixV2139381526 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Reporting by Leo Marchandon and Jakob Van Calster in Gdansk; Editing by Sumana Nandy and Anna Pruchnicka Purchase Licensing Rights Leo MarchandonThomson ReutersLeo is a news reporter based in Gdansk, focusing on the media, telecoms, and technology sectors in France and the Benelux countries. Prior to this, he worked in France, covering regional and business news, including politics, policies, economy and business with strong focus on tech startups.Email
