KPN to Raise $5.4 Billion as Earnings Miss Analysts’ Estimates

KPN to Raise $5.4 Billion as Earnings Miss Analysts’ Estimates

Jock Fistick/Bloomberg

A pedestrian passes a store for the Dutch phone company Royal KPN NV in The Hague, Netherlands. KPN’s stock has fallen more than 50 percent in six months, making it the worst performer in the 25-company Bloomberg Europe Telecommunications Services Index.