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KPN to eliminate 580 more FTEs in Business segment
2014-12-10 19:51:00| Telecompaper Headlines
(Telecompaper) KPN plans to eliminate an additional 580 positions at its Business segment, as part of its wider restructuration process for the division. At the same time, within the Consumer segment, KPN will hire an additional 200 FTEs to connect new customers and service existing customers. KPN said revenues have come under pressure from business customers migrating from traditional to IP based services as demand grows for new services such as Cloud & Hosting, Security and M2M solutions. Many Dutch businesses are also downsizing operations, postponing investments and rationalising ICT spend. The pressure on revenues cannot be fully offset by revenues from new services, forcing KPN to enact the additional job cuts, invest in new services and improve its quality of service. The FTE reductions in the Business segment will lead to a provision in the first half of around EUR 50 million. The cuts should be complete next year, leading to annual cost savings of EUR 45 million by 2016. KPN has submitted a request for advice to the works council.
Tags: business
eliminate
segment
kpn
KPN to cut more jobs at business unit
2014-12-10 01:00:00| Total Telecom industry news
580 more staff to go as Dutch incumbent seeks to please cost-conscious customers.
KPN to pay 610 million for remainder of Reggefiber
2014-11-20 01:00:00| Total Telecom industry news
Dutch telco takes over FTTH firm, pledges to continue with hybrid copper/fibre broadband strategy.
Tags: pay
million
remainder
kpn
KPN not wedded to keeping Telefonica Deutschland stake
2014-11-20 01:00:00| Total Telecom industry news
Dutch telco still reviewing its options for German holding, CEO says.
Tags: deutschland
keeping
stake
telefonica
KPN buys rest of Reggefiber for EUR 610 million
2014-11-18 08:47:00| Telecompaper Headlines
(Telecompaper) KPN has agreed to acquire the remaining 40 percent in its FTTH joint venture Reggefiber for EUR 610 million. At the end of October, KPN received regulatory clearance to raise its stake in Reggefiber to 60 percent. The additional 9 percent bought then from Reggeborgh cost EUR 161 million and gave KPN management control of the venture. It will now buy the rest of Reggeborgh's stake, as well as pay off EUR 500 million in external loans at Reggefiber. KPN said the acquisition is part of the company's plans to devote the proceeds from selling E-Plus in Germany to strengthening the operator's position in the Netherlands. KPN said it will continue with its hybrid network strategy, upgrading its copper network as well as rolling out FTTH. Reggefiber's network passed 1.893 million homes at the end of September, an increase of 205,000 since the start of this year. The number of homes activated reached 623,000.
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