The Financial Times reports that Deutsche Telekom will revamp its mobile-phone subsidiary in the UK and take a “long-term” view despite coming under pressure to sell the flagging unit.
Deutsche Telekom’s decision to merge its fixed-line and mobile divisions in Germany could boost its mobile revenues by hundreds of millions of euros, a leading executive at the firm said yesterday, reports Reuters. According to Niek Jan van Damme, head of sales and services at the German telecoms giant, some 29 million households in Germany are Deutsche Telekom customers and 58 percent of those have only fixed-line connections.
T-Mobile owner Deutsche Telekom reported an upbeat set of second-quarter financial results today as previously weak markets such as the US, UK and Poland showed signs of recovery, reports Wall Street Journal. Weaknesses at these three markets had led to the German telecoms giant issuing a surprise profits warning in April.