KPN announces second phase of cost cutting
Dutch telecoms operator KPN is aiming to cut an additional €300 million in costs by 2019, primarily through streamlining network infrastructure and IT.
KPN said it is on track to reduce approximately €450 million by the end of 2016, compared to the end of 2013. With the extended cost cutting programme, KPM hopes to save a total of €750 million by the end of 2019.
The operator also revealed that its strategic priorities for the next three to five years include growing consumer revenues by increasing fixed-mobile penetration and growing revenues per household.
“We will deliver a second wave of major business simplification, expand the capacity of our fully integrated network, and keep innovating to drive new products and give an excellent customer experience to all our customers at home, on the move and at work. Based on this strategy, we will maximise value for our shareholders and all other stakeholders while maintaining a solid financial profile,” said Eelco Blok, CEO at KPN.