Deutsche Telekom

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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