Scaaaary

Happy Halloween. Suitably scary numbers from KPN's consumer fixed line division today: annualized line loss of 23.5% in Q3, a level nearly four times that of Q3 2005, with EBITDA margin down four percentage points from this time last year. A full 58% of net adds on DSL in the quarter were on Direct ADSL, i.e., the raw connectivity product (H1 was 45%). Hats off to KPN for giving the people what they want.