Deutsche Telekom

Deutsche Telekom shakes market with credit crunch warning

Top tier German carrier Deutsche Telekom sent a tremor through the market this week when it warned that earnings before interest, tax, depreciation and amortisation (EBITDA) would come in at 2 to 4 per cent lower than expected in 2009.

Deutsche Telekom records strong performance

German carrier Deutsche Telekom demonstrated its resilience to market forces on Friday, turning in financial results that beat expectations on both the top and bottom lines. Fourth quarter net loss improved from Eur750m in the last period of 2007 to Eur730m in 2008, while full year profits rocketed to Eur1.48bn, compared to Eur571m in 2007. […]

Deutsche Telekom reports solid results

German carrier Deutsche Telekom reported a decent set of third quarter results on Thursday, although analysts expressed some concern about its US operations. For the quarter, adjusted net profit climbed 12 per cent year on year to Eur1.18bn from Eur1.05bn last year, while net revenues decreased 1.5 per cent year on year to Eur15.4bn. T-Mobile’s […]

Deutsche Telekom profit slips 35%

German-based carrier Deutsche Telekom reported a 34.8 per cent slip in net profit on Thursday as domestic pressures persisted and the strength of the Euro hit US revenues. Net profit fell to Eur394m during the second quarter, from Eur604m in the same period last year. Net revenues also slipped nearly 3 per cent to Eur15.1bn […]

Deutsche Telekom investigates spy scandal

Over the weekend, German super carrier Deutsche Telekom said it was launching a full investigation in to allegations of “misuse of call records”. Chief executive Rene Obermann said that recent findings suggest call record data was abused between 2005 and 2006. It is understood that people within the company had hired an external firm to […]

Tata to move on T-Systems?

Deutsche Telekom is going to offload its IT systems integration division T-Systems, according to local reports. The report in German weekly newspaper Focus claims that Indian conglomerate Tata has had an undisclosed offer accepted by the German telecoms company. DT employs about 13,000 IT specialists. The German paper reckons half that number could lose their […]

Deutsche Telekom strike over

Deutsche Telekom and the German workers union Ver.di finally reached an agreement on Wednesday afternoon, calling an end to industrial action. The agreement was struck after the German incumbent was criticised over plans to outsource 50,000 staff to three new companies, proposing new contracts including lower wages and longer working hours. Under the agreement reached […]

German strike nears end

Industrial action at Deutsche Telekom may soon be over, with reports of an agreement as the operator extended job guarantees. The German carrier is reported to have extended the job guarantees for some 50,000 staff by one year to 2012. The incumbent has drawn fire over plans to outsource 50,000 staff to three new companies, […]

German strike scaled back

German workers union Ver.di is expected to pull around 5,000 Deutsche Telekom staffers off strike on Friday as it scales back industrial action. The news comes amid reports that both parties have redoubled efforts to reach an accord. The strike was launched late last month in protest over staff outsourcing and wage cuts and involved […]

Deutsche Telekom, France Telecom swap assets

Deutsche Telekom agreed late Wednesday to acquire Orange Netherlands from France Telecom. Under the deal, the German carrier also agreed to sell its Spanish broadband operation, Ya.com, to France Telecom. Deutsche Telekom is reported to be paying around Eur1.3bn for the Dutch operation, but will receive Eur320m for the sale of Ya.com. In the Netherlands, […]

T-Systems’ search for suitor nearing an end?

German carrier Deutsche Telekom has reportedly found a small number of likely partners for its enterprise communications unit, T-Systems. Although the German telco has not named names, companies such as HP, EDS, Capgemini and Tata Consulting Services have all emerged in speculation as potential candidates. It is also thought that Deutsche Telekom is not averse […]

Siemens scandal claims another exec.

The rot caused by the Siemens corruption probe continues to spread, as a former senior exec at the company quits his current position at Deutsche Telekom. Lothar Pauly, a member of Deutsche Telekom’s board of management in charge of system business, production, IT and central procurement, requested Thursday that the supervisory board relieve him of […]

Deutsche Telekom moves ahead despite strike

Despite walkouts by thousands of workers over the past couple of weeks, German carrier Deutsche Telekom is to go ahead with its plan to transfer staff members to three legally independent service companies. The changes will take place by July 1 at the latest, the company said on Friday. Earlier this month, more than 15,000 […]

T-Online invests in VoIP

Deutsche Telekom’s investment arm, T-Online Venture Fund, announced an investment in internet telephony player, Jajah on Tuesday.T-Online’s venture is part of a $20m investment round in the VoIP service provider, co-led by Intel.”The agreement is unprecedented. Jajah is the first Voice 2.0 Company to receive this level of industry validation and support. The long-term implications […]

Deutsche Telekom strike continues

Around 15,000 workers at German carrier Deutsche Telekom were on strike on Monday, as protests over staff outsourcing and wage cuts continued into a second day. More than 10,000 employees at staged a walk out on Friday, as the German incumbent drew fire over plans to outsource 50,000 staff to three new companies, with new […]

Deutsche Telekom staff walk out

More than 10,000 employees at German carrier Deutsche Telekom staged a walk out on Friday, as strikes over staff outsourcing and wage cuts began. The German incumbent has drawn fire over plans to outsource 50,000 staff to three new companies, with new contracts expected to include lower wages and longer working hours. A majority of […]

Deutsche Telekom workers to strike

German carrier Deutsche Telekom faces a walk out after workers on Thursday voted in favour of a strike. The carrier has drawn fire over plans to outsource 50,000 staff to three new companies, with new contracts expected to include lower wages and longer working hours. A statement from trade union Ver.di, released after the lunchtime […]

EC steps up proceedings against Germany

The European Commission on Thursday stepped up its infringement proceedings against Germany over provisions to grant a “regulatory holiday” to incumbent carrier Deutsche Telekom. The infringement procedure was launched at the end of February after amendments to Germany’s telecoms law provided for an exemption of Deutsche Telekom’s VDSL fast internet access network from competition. Germany […]

Germany fails to calm strike

Reports have emerged that the German government stepped in to try to resolve the strike launched by around 15,000 workers at German carrier Deutsche Telekom. It is understood the government, which is also Deutsche Telekom’s largest shareholder, sent finance minister Peer Steinbrueck to meet with the heads of the German carrier and workers’ union Ver.di […]

12,000 strike at Deutsche Telekom

Over 12,000 workers downed tools Monday at Deutsche Telekom (DT), protesting at the German incumbent’s reorganisation strategy to transfer 50,000 staff into separate units. The strike comes as DT settles down to a fourth round of talks with the workers’ union, Ver.di. DT which employs around 160,000 people in Germany, has said that it plans […]

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