Dutch telco KPN sees 10% defence revenue growth as Europe boosts military spending

Dutch ‌telecommunications group ‌KPN expects its defence-related revenue to rise more than 10% in the coming years, CEO Joost ‌Farwerck said on Wednesday, as European nations step up defence investments.

“These are difficult, turbulent times. Europe has to be more self-reliant. That also applies to the Netherlands, and we believe we can play a very important role in cooperation with defence,” Farwerck said in a post-earnings call with reporters.