KPN N.V.: Initiation of Coverage- What You Need to Know About Its Fiber-First Strategy & Critical Growth Catalysts! 

KPN reported a notable increase in group service revenues, which grew by 3.8%, a positive indicator reflecting improved traction in both consumer and business segments. This growth was supported by enhanced mobile service revenues along with increased contributions from acquisitions like Youfone and the newly operational Althio tower company. However, the company faced a decline in free cash flow due to higher interest and tax payments, which it expects to recover in the latter half of the year, a factor that could temporarily impact cash availability for other initiatives.