Tuesday, May 09, 2006

Q1 trivia time again

The conference call season is in full swing again, and this morning we were treated to a decent set of numbers from KPN. As usual, from a telco disruption point of view, the fixed line KPIs hold some interesting datapoints. Consumer line loss in Q1 of 194k equates to a run-rate of 15.5% on an annualized basis, which is three times the level seen in Q1 last year, and the loss of discount PSTN call packages was also noteworthy. Against this, the company added 60k "InternetPlusBellen" (its voluntary naked DSL offering with VoIP bundled in) subs out of a total of 179k DSL net adds. Consumer EBITDA margin contracted 3.9 percentage points YoY, however, though the company's share of the retail broadband market looks to have risen again. I think it was Jack Welch who coined the phrase "destroy your business before someone else does it for you."

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