Deutsche Telekom Strike

Deutsche Telekom Strike

Deutsche Telekom workers are on strike, marking the first major worker strike in 2007 in Europe in the telco industry. Deutsche Telekom is a telecommunications powerhouse in Europe and one of the largest telco companies in the world... [more]

Deutsche Telekom workers are on strike, marking the first major worker strike in 2007 in Europe in the telco industry. Deutsche Telekom is a telecommunications powerhouse in Europe and one of the largest telco companies in the world. Follow news of the Deutsche Telekom strike.

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Deutsche Telekom Q3 net income up 7 pct

From:   www.ap.org
Deutsche Telekom AG reported third-quarter net income rose 7 percent as it remained focused on controlling costs and developing key markets in the U.S., Britain and Poland. Telekom, based in Bonn, on Thursday reported net income of euro959 million ($1.4 billion) in the July-September period compared with euro895 million a year earlier. This quarter's figure includes results for Greece's Hellenic Telecommunications Organization SA. Revenue rose 5 percent to nearly euro16.3 billion in the quarter compared with nearly euro15.5 billion. "We have continued the positive trend of the second quarter and have picked up the pace," Chief Executive Rene Obermann said. "We responded quickly and ... Read Full Story

Fewer players in wireless could rein in price cuts

From:   www.ap.org
How many wireless carriers do we need? It's a question that's popping up again as T-Mobile USA is said to be looking at buying Sprint Nextel Corp. Now that most people have a cell phone and once-heady growth in the industry is slowing, analysts say carriers are going to be looking at buying each other to increase their scale and to avoid competing too much on price. Consumers have been benefiting from relentless price-cutting on cell phone service in the past few years. But consolidation doesn't come easy to the industry, and the government may not look kindly on the combinations that reduce competition. ... Read Full Story

Vivendi claims key win in Polish telecom spat

From:   www.afp.com
France's Vivendi Monday announced it had won the latest round in a long-running battle with Germany's Deutsche Telekom and Poland's Elektrim over Polish mobile phone operator PTC/Era. In a statement, Vivendi said a Warsaw court had rejected Deutsche Telekom and Elektrim's request to uphold a 2004 ruling recognising their control of PTC, which is Poland's third-ranked mobile telephony group. Vivendi said the court decision, which has not yet been made public, was a "significant victory". Deutsche Telekom plans to appeal, spokesman Andreas Leigers told AFP. "The decision is not final," he said. In 1999, Vivendi invested in PTC via a Vivendi-Elektrim joint venture, ET/Telco. ... Read Full Story

D.Telekom stock down, Sprint's soars on tie-up talk

FRANKFURT (Reuters) - Talk of a takeover of Sprint Nextel by Deutsche Telekom sent the German company's shares down 1.4 percent and boosted the U.S. mobile operator's stock by 11 percent in pre-market trade on Monday. Such a deal would vault Deutsche Telekom's T-Mobile USA unit past market leaders AT&T and Verizon to the number one spot but would cost billions of euros to pull off. "(The) market won't like Deutsche Telekom spending billions for a takeover now," a Frankfurt-listed trader said. Shares in Deutsche Telekom were down 1.5 percent at 9.39 euros by 1155 GMT on Monday but shares in Sprint rose 11 ... Read Full Story

Rivals to form UK's top mobile operator

From:   www.ap.org
Deutsche Telekom AG and France Telecom SA said Tuesday they intend to combine their British mobile phone units — shaking up the country's intensely competitive market and forming the country's biggest mobile operator. Deutsche Telekom said it has entered exclusive negotiations on combining its struggling British unit T-Mobile UK with France Telecom's Orange UK in a 50-50 joint venture. The tie-up could benefit all operators in Britain's already crowded mobile telecommunications sector by reducing the pressure to cut prices, though mergers inevitably will mean job losses. "This is another sign that we may be moving into a period of sustained M&A activity as firms ... Read Full Story
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DT - Deutsche Telekom AG (ADR) - Google Finance
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News for Deutsche Telekom AG (ADR) - Google Finance
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Bloomberg.com: Technology
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