There is an old Dutch saying: “you have to sow, if you expect to reap.” The Amsterdam-based Koninklije KPN NV has gone along with that advice, and done a lot of sowing. It has invested in new businesses, bought operating licenses which may allow it to grow beyond its small national market, and sought international alliances. But it’s not clear that the company will be able to spend enough to reap the rewards it is hoping for.
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