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General

KPN: balancing cost reductions with a focus on the network

Sunday 9 February 2014 | 14:08 CET | Author: Tim Poulus | Market Commentary
KPN reported disappointing quarterly results and once again cut its outlook. Halting the decline in its position on the Dutch market will take longer than expected, more "towards the end of 2014" than "in 2014", as the operator previously said. The group plans further cost reductions, both operational (2,000 more jobs lost) and in capital investments (slower FTTH deployment). This all comes on top of the restructuring announced a quarter earlier, based on the theme of "simplification" (of the portfolio, distribution, processes, systems). As announced previously, the pending sale of E-Plus is

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Categories: General
Companies: KPN
Countries: Netherlands
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