The Netherlands’ KPN plans to cut operating expenses by around EUR350 million (USD395 million) during the period to the end of 2021, it said at its capital markets day on Wednesday. As reported by Reuters, the telco expects its savings to help boost EBITDA, whilst a new fibre-to-the-home (FTTH) expansion target is significantly above consensus expectations. KPN stated on its website that it will ‘selectively’ expand its current FTTH network footprint (covering ‘more than 2.3 million’ households) by one million additional homes by the end of 2021. KPN’s other targets for the period include growing its ‘converged’ (fixed/mobile service subscribing) households by 300,000 and its converged post-paid mobile user base to 70% of its post-paid users by the end of 2021.
KPN also says it aims to increase the percentage of premises on its fixed network which can access 1Gbps broadband speeds from roughly 30% currently to 45% by end-2021 via a mixture of FTTH and G.fast copper last mile upgrades, whilst readying its mobile network for 5G launch over the same period.