European mobile operator and Dutch incumbent, KPN in an announcement said that its existing Simplification program is on track to realize run-rate savings (opex and Capex) of approximately EUR 450m per annum by the end of 2016, compared to the end of 2013.
At the same time, the operator also announced the second wave of the program for the coming three years 2017 to 2019. KPN hopes to realize at least EUR 300m additional savings per annum by the end of 2019, making at least EUR 750m in total since 2013. These additional savings will primarily be realized through further simplification and rationalization of back-end IT processes and systems, and network infrastructure.
Eelco Blok, CEO of KPN
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. The coming years will see relentless growth of connected devices and surging data traffic.
