Koninklijke KPN NV Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Matthijs Van Leijenhorst - Kepler Cheuvreux, Research Division - Analyst : The first question is a follow-up on an earlier question. Could you give us the capital to -- CapEx to sales ratio after 2026, could you give the number? And the second question is on this Chinese vendor, Huawei, because the Dutch regulator is currently investigating access to your network. What is the risk of a full ban? And in case that would happen, if we would see a full ban, well, what could be the cost for you?

Question: Matthijs Van Leijenhorst - Kepler Cheuvreux, Research Division - Analyst : Yes. Much appreciated. Just as a follow-up on the first question. What if the government decides for a full ban? Could you give any indication what it could cost or...

Question: Usman Ghazi - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Just 2 questions, please. Firstly, on the 5G auction, I believe there's some litigation now or some further delays. If you could just provide an update on the 3.5 gigahertz auction, whether you see it still happening next year or whether it would be delayed further? And then the second question was -- this is going back to the balance sheet and looking at it a bit differently. I mean if I look at your capital employed, there is no -- from the outside, there is no way for us to understand how much of the capital employed is actually related to the fixed infrastructure, all in fiber. And you're spending EUR 450 million in CapEx every year on fiber. So it be just helpful to know how much of your cash employed now is either related to your fixed infrastructure or fiber? Any indications or any idea of how to get there would be quite helpful.