Deutsche Telekom net falls 43% on charges

Article Abstract:

Deutsche Telekom AG of Germany posted a fall in net profit by 43 percent to 989 million Euros from 1.74 billion Euros last year. Losses were due to expenditures on staff reductions and at the United Kingdom mobile phone unit. The telecommunications giant is planning to increase investments in an attempt to ensure market share as the market is stressed because of heated competition.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit

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Deutsche Telekom to cut 19,000 jobs

Article Abstract:

Deutsche Telekom AG of Germany is to cut 19,000 jobs or over one tenth of its workforce, due to increasing competition in the telecommunications giant's home market. The company is planning a $3.6 billion upgrade to its high-speed fiber optics network. Deutsche Telekom AG is the second largest telecommunications operator in the world.

Personnel administration, Economic aspects, Human resource management, Company personnel management

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Deutsche Telekom stirs up EU

Article Abstract:

Deutsche Telekom AG of Germany is planning to invest 3 billion Euros to upgrade its residential broadband Internet service. German regulators will need to decide if smaller internet and telecommunications providers can piggyback on the new network.

Europe, Legal issues & crime, Services information, Legal/Government Regulation, Company legal issue, Cases, Services, Company overview

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