Dutch telecom company, KPN witnessed a huge growth of 42% in Q1. Its local revenue losses were overshadowed by its profits in the international unit.

The company gained a total net profit of about €449 million in 1Q10. This was a significant improvement when compared to the profit made in 1Q09 which was only €317 million. It also grew its EBITDA by a healthy 7.2% to € 1.2 billion. On the other hand its year on year revenue was down by three and a half percent to 3.3 billion euros. This decrease happened because of KPN’s Dutch unit in which the net revenue declined considerably.

The Digital Agenda’s European Commissioner has approved of an official declaration made by the telecom ministers of all European countries backing the European Digital Agenda.

Neelie Kroes, the European Commissioner of the Digital Agenda mentioned that the support received from all the telecom ministers is an important development for the Digital Agenda. According to her it is also a huge milestone in the Europe 2020 plan which talks of delivering more jobs and sustainable growth. She added that in order to maximize the effect of ICT for the advantage of every one of the European countries and citizens, the respective States,

German networks need a huge investment to improve their standards. In fact, according to Rene Obermann, the boss of leading telecom service provider, Deutsche Telekom, all the carriers put together have to invest a staggering amount of € 50 billion just to meet the growing demand for mobile phone data apps.

Rene Obermann told the local German newspaper, Sueddeutsche Zeitung that the € 50 billion was absolutely necessary because, nowadays, people use more and more bandwidth ravenous apps. He predicted that the average consumption of bandwidth by a single person will reach about 10-15 gigabytes per month.