German state to reduce stake in Deutsche Telekom
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BONN - The German state announced plans Monday to reduce its stake in telecoms giant Deutsche Telekom by some 7 percent in a transaction which could generate revenue amounting to nearly EUR 4.5 billion.
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The German telecommunications operator Deutsche Telekom wants to gain control of Poland's leading mobile phone operator PTC through an option to buy shares held by the Polish electricity and telecoms group Elektrim, it said.
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Deutsche Telekom posted a loss of nearly 900 million euros ($1.18 billion), prompting the company to look abroad for growth.
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The French Government is to sell part of its stake in France Telecom to help reduce the country's debt, the finance ministry says.
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The European Commission said today it would begin legal action against the German government in a bid to dismantle the 'golden share' arrangement that gives the state of Lower Saxony a controlling stake in ...
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The Dutch private equity firm will sell the stake in the mobile telephone company to a Dutch investor.
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FRANKFURT Commerzbank, stung by its foray into the volatile world of proprietary trading, announced Tuesday it would shut down the bulk of its investment banking operations outside Germany.
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The Polish group Elektrim Telekomunikacja (ET/Telco), which holds a 51 percent stake in the country's largest mobile phone operator PTC, accused Deutsche Telekom of trying to take control of PTC for "a token price."
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Deutsche Telekom is changing its  management structure after poor quarterly results revealed that  Europe's biggest telecoms group by sales was no longer growing  in its German home market.
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German electronics giant Siemens is planning to de-list its shares from the New York Stock Exchange because of the high costs of maintaining a listing on Wall Street.
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The Austrian government said Friday it had retreated from previous plans to fully privatize Telekom Austria.
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Deutsche Telekom is changing its   management structure after poor quarterly results revealed that   Europe's biggest telecoms group by sales was no longer growing   in its German home market.
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French telecommunications operator France Telecom is to pass into private hands, with the state cutting its stake below 50% to cut the national debt two years after helping the group dig itself out of a corporate debt crisis.
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FRANKFURT: Kreditanstalt fuer Wiederaufbau (KfW), the state owned bank that the German government uses as a vehicle for privatisation, is selling via the open market a stake of around seven percent in telecommunications giant Deutsche Telekom.
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German phone giant Deutsche Telekom said it plans to buy back full control of its Internet unit by next year to profit from burgeoning demand for broadband Internet services, a move that could cost the company euro2.9 billion (US&#36;3.6 billion).
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Deutsche Telekom AG, Europe&#39;s largest telecommunications company, has moved to strengthen its ability to provide bundled voice, data and video services by making an offer to buy back the shares of its Internet subsidiary that it doesn&#39;t already own.
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Spanish telecommunications group Telefonica plans to drop its stock market listings in Paris and Frankfurt, a source close to the company said Monday.