German incumbent carrier Deutsche Telekom and its cellular arm T-Mobile have signed a deal with Italian headquartered machine to machine (M2M) specialist Telit Wireless Solutions that will see the three firms collaborating on product development for M2M solutions.
German carrier Deutsche Telekom said Thursday it will merge its domestic mobile and landline businesses into a single company, to increase its competitiveness in its toughest market.
German carrier Deutsche Telekom reported a 7.2 per cent rise in net profit for the third quarter, from €895m in 2008 to €959m in the third quarter of 2009. Revenues climbed 5.2 per cent year on year to €16.3bn.
Not content with engineering a large scale merger in the UK with French owned carrier Orange, Deutsche Telekom has now set its sites on some monster consolidation in the US. That’s the rumour, anyway, and as any follower of international soccer-ball knows, you can never discount the Germans.
A young CEO (he was appointed at 43), Obermann’s background is in the mobile operation of DT, T-Mobile. The firm’s mobile assets rank it sixth in the world by customer numbers, with more than 124 million subscribers at the close of Q109. Obermann has focused the carrier on Europe, and it has one of the strongest pan-European portfolios in the world, with a decent spread across the western, central and eastern regions of the continent.
German heavyweight carrier Deutsche Telekom recorded some good news for its bottom line during the second quarter of 2009 as net profit jumped 32.2 per cent year on year from €349m in the second quarter of 2008 to €521m.
Troubled UK mobile operation, T-Mobile UK, has struck a five year deal with Indian managed services firm Infosys BPO to outsource its finance operations.
‘DT’ can stand for Different Things. In this industry it usually stands for Deutsche Telekom, for example, but in other circles it can stand for Delirium Tremens. And these two have more than initials in common, given that they’re both a bit on the shaky side.
It was German carrier Deutsche Telekom’s turn to report gloomy financials on Thursday, with the firm recording a first quarter loss of €1.12bn compared to a profit of €924m in the same period last year.
If you thought the ‘I am rich’ application that two or three numpties bought for their iPhone a while back was crass in the extreme (the application, which cost almost $1,000, simply displayed a glowing ruby, with the words ‘I am rich’ on the phone’s screen) you’ll be no doubt interested to learn that Apple’s App Store has sunk to a new low.
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