KPN links €1 billion credit facility to sustainability goals

KPN has secured a €1 billion credit facility that is linked to its own sustainability goals, a further sign that telcos are taking this stuff seriously.
The Netherlands-based operator said it has refinanced an existing credit line. The interest rate on the new facility is tied to KPN’s performance in three specific areas that form part of its sustainability drive: the rollout of fibre, which should help accelerate digitalisation in its home market; ongoing energy consumption reduction