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General

KPN kick starts growth w/ EUR 20 mln cost savings programme

Thursday 11 April 2013 | 19:08 CET | News
KPN wants to launch a large scale cost reduction programme of EUR 200 million, as one of the ways to kick-start company growth, De Telegraaf reported, citing CEO Eelco Blok during the company's AGM on 10 April. Blok expects the company will start growing again from 2014. KPN shareholders can expect to get EUR 0.03 per share for the next two years, KPN commissioner president Jos Streppel said during the AGM, as reported in Het Financieele Telegraph. Blok said he will give more information about synergies with América Móvil at the same time as the EUR 3 billion rights issue. The CEO said talks

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Categories: General
Companies: America Movil / E-Plus / KPN / O2
Countries: Germany / Netherlands
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