Rivals squeeze Deutsche Telekom
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German phone giant Deutsche Telekom sees annual profits fall, following tough competition and lower prices.
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Germany has gone ahead with controversial legislation that will allow Deutsche Telekom to exclude rivals from a new network.
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Siemens AG tried Sunday to blunt fierce criticism from politicians, labor unions and the media for unloading its mobile phone business on a Taiwanese company which has failed to keep it afloat.
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Germany's T-Mobile is under strong pressure to expand its T-Mobile cell service into new countries and may embark on an acquisition binge to meet its goals.
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Deutsche Telekom, reeling from cut-throat competition on its home market, sees acquisitions abroad as a chance to return to growth, the German telecom giant's new chairman Rene Obermann said on Thursday.
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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.
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Management and unions at Deutsche Telekom reached a compromise deal on Wednesday, ending their dispute -- and six weeks of strikes -- over a radical shake-up of the German telecom giant&#39;s services division.
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State-owned development bank KfW is selling up to 4 billion euros ($4.9 billion) worth of shares in Deutsche Telekom, the latest step in the privatization of the former German phone monopoly.
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Ver.di -- the giant services sector union -- said on Thursday that more than 61,000 employees of Deutsche Telekom could be affected by company plans to spin off some services activities, such as call-centres, many more than originally estimated.
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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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â¬200m in dodgy dealing German police investigating Siemens' telecoms unit have made two further arrests and reckon suspicious transactions could total as much as â¬200m.â¦
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In the bidding war for Siemens&#39; car parts specialist, VDO, the regional state premier of Lower Saxony said Friday that he favoured a sale to a German company rather than a potential foreign investor.
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German incumbent telco Deutsche Telekom announced over the weekend it is to begin taking its internet division, T-Online, back entirely within the mother corporation.
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Despite a fierce lobbying campaign by the telecoms industry, the European Commission is poised to force operators to slash the cost of mobile phone calls while abroad, officials say.
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German services union Verdi kept up the pressure on Deutsche Telekom Thursday, with 15,000 employees staging walk-outs as a second day of talks got underway to resolve strikes at the telecoms giant.
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Jajah completes big name backer roster Jajah, the Austro-Californian VoIP outfit we profiled last week, has announced that the mystery second investor in its third funding round is Deutsche Telekom (DT).â¦
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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.