KPN Projects Surge In Defence Revenue Amid European Investments

KPN, a Dutch telecommunications group, is anticipating a more than 10% increase in its defence-related revenue. CEO Joost Farwerck attributes this growth to the rising defence investments in Europe, highlighting the importance of self-reliance and KPN's potential contribution in collaboration with defence sectors.

Dutch telecommunications giant KPN is anticipating a significant rise in its defence-related revenue, projecting an increase of over 10% in the upcoming years. CEO Joost Farwerck conveyed this optimism during a call with reporters.

Farwerck emphasized the need for European nations to boost self-reliance through increased defence investments. He highlighted the strategic role KPN could play in this context, particularly in collaboration with defence sectors.

The company's outlook comes as geopolitical tensions and regional security concerns push European countries to prioritize defence spending, bolstering opportunities for firms like KPN to expand their involvement in defence-related initiatives.

(With inputs from agencies.)