Royal KPN NV, the Dutch telecommunications company that rejected a takeover bid by Mexican billionaire
The net loss of 241 million euros ($329 million) compares with a profit of 267 million euros in the same period a year ago.
KPN said Tuesday the loss was largely due to charges related to the proposed sale of KPN's German unit E-Plus to Spain's
Operating profit, which excludes one-time charges as well as interest and tax, fell 38 percent to 281 million euros. KPN attributed that to weak demand from business customers and falling profits from mobile customers with smartphones. They have been switching KPN's SMS service for cheaper mobile Internet messaging services such as WhatsApp.
CEO Eelco Blok said better times lie ahead, one of the reasons he opposed Slim's 2.40 euro per share offer.
"Investments have been high, but we now have completed a large part of our 4G (high-speed mobile Internet) network rollout, and coverage should be nationwide by the end of the first quarter," he said on a conference call.
"Financial results will improve in the course of 2014."