KPN tweaks corporate strategy in favour of further cost savings
Dutch telco KPN told its capital markets day that it plans to embark on a second wave of cost savings, which should amount to at least €300 million by the end of 2019.
March 7, 2016
Dutch telco KPN told its capital markets day that it plans to embark on a second wave of cost savings, which should amount to at least €300 million by the end of 2019.
As public companies are inclined to do, KPN’s existing corporate strategy has a special name: Strengthen – Simplify – Grow. This new plan also has a new name, presumably to symbolise its evolution from the previous one.
“Under our strategy Strengthen – Simplify – Grow, we invested ahead of the curve to build best-in-class networks and innovated to bring Dutch households and businesses great products and leading service quality,” Eelco Blok, CEO of KPN. “The coming years will see relentless growth of connected devices and surging data traffic.