Deutsche Telekom

Update: Obermann named DT chief

The supervisory board of Deutsche Telekom decided to immediately appoint Rene Obermann as new chief executive officer on Monday afternoon, following the resignation of former head honcho, Kai-Uwe Ricke. Obermann joined the board of management at the German carrier in 2002 and has since headed up T-Mobile International, the carrier’s mobile arm. Ricke, resigned from […]

Deutsche Telekom continues to lose narrowband subs

Deutsche Telekom reported that net profit for the third quarter fell 20.4 per cent year on year as the operator haemorrhaged yet more traditional fixed line customers. Profits dropped to Eur1.9bn (£1.3bn) from Eur2.4bn a year ago, while revenues increased just 2.8 per cent to Eur15.4bn. The number of narrowband lines at the company fell […]

DT rejects Vivendi’s PTC bid

German incumbent Deutsche Telekom has rejected the offer from Vivendi to buy DT’s 49 per cent stake in Polish mobile operator Polska Telefonia Cyfrowa (PTC). As reported by telecoms.com Tuesday, Vivendi put Eur2.5bn on the table to take control of PTC, but reports in the German press state that DT is not prepared to sell […]

DT announces new bundles

As expected, Deutsche Telekom launched a series of new bundled offerings at the IFA consumer electronics exhibition, in Berlin on Thursday. DT, whose chief executive Kai-Uwe Ricke is under pressure to leave, announced a package with flat rates for fixed-phone and Web access, Call&Surf Comfort, for Eur49.95 (£33.63). The German incumbent which is struggling in […]

Deutsche Telekom looking for a new chief?

Deutsche Telekom’s chief executive Kai-Uwe Ricke is expected to reveal a new strategy to the embattled German incumbent’s supervisory board tomorrow (Friday) as the clock ticks on the remainder of his contract. As Telecoms.com reported earlier this month, several major DT shareholders are unhappy with Ricke’s performance and German press reports go as far as […]

Deutsche Telekom forced to open up broadband

The European Commission fired a broadside at German incumbent Deutsche Telekom Monday, endorsing a regulatory measure that will give new market entrants access to the carrier’s new broadband network. This measure, proposed by German telecom regulator Bundesnetzagentur (BNetzA) in accordance with EU regulations, is meant to remedy Deutsche Telekom’s position of dominance in the German […]

Deutsche Telekom facing shareholder revolt?

Germany’s incumbent carrier Deutsche Telekom could be facing a shareholder revolt, putting the future of chief executive Kai-Uwe Ricke in doubt. One of the German telco’s largest shareholders, the Blackstone Group – a private equity firm with a 4.5 per cent stake – is reportedly calling for the company to refuse an extension to Ricke’s […]

Deutsche Telekom rattled by domestic pressures

Germany’s incumbent carrier, Deutsche Telekom, spooked the stock market Thursday as it reduced revenue guidance for 2006 by Eur600m (£405m) on the back of aggressive competition in its domestic market. The operator recorded a 3.2 per cent drop in net profit for the first half of 2006, down from Eur2.15bn in 2005 to Eur2bn. EBITDA […]

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