Deutsche Telekom wants control of Polish mobile operator PTC
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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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German phone giant Deutsche Telekom said Saturday 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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The Polish government is preparing a plan to privatize the Warsaw Stock Exchange by selling shares exclusively to Polish companies, possibly in defiance of European Union rules that require equal treatment for all members of the bloc. In a little-noticed speech filled with patriotic themes, the treasury minister, Wojciech Jasinski, outlined a strategy last month to sell 49 percent of the governmentâs holdings to âPolish investorsâ in blocks of 5 percent to 10 percent. The government also intends to introduce rules to prevent companies listed on the exchange from being taken over by foreign companies to ensure that the exchange retains its Polish character, Mr. Jasinski said. The plan appears ripe for a conflict with European Union rules, which require privatizations to be open to all union members. Catherine Bunyan, a spokeswoman for Charlie McCreevy, the union commissioner for the internal market, said Brussels was not aware of Warsawâs plans.
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Indian conglomerate Tata plans to buy a stake in a high-tech unit of Germany's Deutsche Telekom which would see thousands of jobs outsourced, according to a German weekly newsmagazine.
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The European Union's 27 national telecom authorities must submit plans to regulate the single European market by Feb. 16Â or face ceding those powers to the European Commission, Telecommunications Commissioner Viviane Reding has warned.
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Pressure is mounting on embattled Deutsche Telekom chief executive Kai-Uwe Ricke to agree to terminating his contract in late 2007 because of his company's problems, press reports said.
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The Portuguese government reportedly wants to retain some control over the fixed line network of Portugal Telecom even if a hostile takeover bid for the company is successful.
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EUROPE&#39;S biggest phone company, Deutsche Telekom, has offered to buy out investors in its T-Online International internet division for about E3 billion ($5 billion) to revive growth at its fixed-line business.
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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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Deutsche Telekom, Europe's leading telecommunications group, said it planned to resume paying dividends this year after its shareholders had gone empty-handed for the past two years.
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German telecommunications giant Deutsche Telekom has agreed with French firm Vivendi Universal and Polish energy group Elektrim to buy Poland's biggest mobile phone group PTC, the Rzeczpospolita daily reported ...
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Deutsche Telekom, the German telecommunications giant, indicated for the first time that it is considering reintegrating its publicly listed Internet arm, T-Online.
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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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Germany's competition watchdog, the federal cartel office, said it was investigating telecoms giant Deutsche Telekom and cable operator Kabel Deutschland on suspicion they sought to distort competition in the area of high-speed Internet access.
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(InfoWorld) - The T-Mobile brand could soon be coming to a market near you. As part of a strategy to revive profits, Deutsche TelekomÂ intends to expand its T-Mobile cellular business in markets in which the German telecommunications group is already offering fixed-line services and possibly in entirely new markets, the company said Thursday. T-Mobile is already one of the largest mobile phone operators in western Europe and the U.S. Its T-Mobile USA subsidiary has emerged as the group's main growth engine. Deutsche Telekom "does not rule out acquisitions" as part of its expansion strategy, it said. Acquiring the Dutch mobile phone subsidiary of France's Orange could be part of that strategy. The company is rumored to be among the bidders for the Dutch company, the smallest of four operators in the Netherlands. The new strategy carries the signature of RenÃ© Obermann, newly appointed CEO of Deutsche Telekom and the former head of the group's mobile phone business. Obermann is under pressure to tap new areas of growth to offset falling prices for mobile phone calls in mature markets such as Germany and the U.S. and to counter stiff competition from providers of fixed-line telephone services, particularly new VOIP (voice over Internet Protocol) service providers. More than 2.3 fixed-line customers defected to rivals last year. Obermann's new strategy also includes selling several business units, including the French and Spanish ISPs (Internet service providers) Club Internet and Ya.com and the T-Systems Media & Broadcast unit. In addition, the CEO hopes to find an international "strategic partner" for its T-Systems subsidiary. T-Systems provides IT services to about 60 multinationals and 160,000 smaller companies. The Frankfurt-based unit, which also operates and maintains Deutsche Telekom's global telecommunications network, was established a few years ago following the merger of DaimlerChrysler's IT outsourcing unit, Debis Systemhaus, and the systems integration activities of the German network operator. Last year, T-Systems acquired Gedas, the former computer services subsidiary of German car maker Volkswagen. Gedas has 12 subsidiaries around the world, including Brazil, China, Japan, and the U.S. Most of these are located in automobile manufacturing centers. By the end of 2010, Deutsche Telekom hopes to have 1.5 million customers for its new IPTV (Internet Protocol television) service. The operator intends to have 50 cities connected to its new VDSL (Very high bit-rate Digital Subscriber Line) network next year, with an additional 750 towns to linked via ADSL2+ (Asymmetric DSL) technology. Deutsche Telekom's VDSL network has been a contentious issue with regulators in Brussels. On Monday, the European CommissionÂ threatened the German governmentÂ with legal action unless it scraps a new law thatÂ protects Deutsche Telekom from competitionÂ in the broadband Internet access market. The Commission's action focuses on specific amendments in the German law that effectively exempt the German operator VDSL network from competition. The amendment was requested by the company, which is still partly owned by the German state. Â
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The Czech government's privatization agency received five preliminary bids for a majority stake in the country's dominant telecommunications company, an official said Monday.
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German state banking group KfW is selling up to 4 billion euros (2.8 billion pounds) worth of shares in Deutsche Telekom, continuing the privatisation of the German phone operator.