New chief is lined up for Global TeleSystems

Article Abstract:

Global TeleSystems Group Inc. (GTS) is expected to appoint H. Brian Thompson as its new chairman and chief executive. Global TeleSystems is a European operator of fiber optic networks. McLean-based GTS telecommunications assets are entirely based in Europe and Russia. GTS recently purchased Esprit Telecom Group PLC for a price of $645 million. The company now owns one of the largest cross-border fiber optic networks in Europe.

Comment:

Expected to appoint H. Brian Thompson as its new chairman and chief executive

United States, Global TeleSystems Inc.

---

Deutsche Telekom makes offer to acquire One2One

Article Abstract:

Deutsche Telekom AG has made a bid to purchase One2One for 7.5 billion pound sterling (11.24 billion euros). One2One is a wireless operator based in the UK. The deal could be concluded within a week's time. One2One is one of the smallest cellular telephone services in Great Britain. Deutsche Telekom is only bidder that continues to express in interest in acquiring One2One.

Comment:

Deutsche Telekom makes bid to purchase One2One for 7.5 billion pound sterling (11.24 billion euros)

Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Germany, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Mergers, acquisitions and divestments, Cellular telephone services industry, Cellular telephone services, Deutsche Telekom AG, One2One

---

BT is looking for new CEO from outside the company

Article Abstract:

British Telecommunications PLC (BT) is looking outside of the company for a new CEO to replace Sir Peter Bonfield, whose resignation will be effective at the end of January.

Telephone Communication, British Telecommunications PLC

Similar abstracts:

• Abstracts: Deutsche Telekom results hit hard. Deutsche Telekom posts profit. Telekom Malaysia reports rise in net profit
• Abstracts: Deutsche Telekom rises on offering despite rumors. Deutsche Telekom plans capital increase for June
• Abstracts: Cable & Wireless posts a loss and announces share buyback. France Telecom launches convertible bond issue. Colt Telecom plans share offering
• Abstracts: Norwich Union in deal for nonlife insurer. Northern Rock issues upbeat outlook
• Abstracts: Deutsche Bank plans to cut about 10% of its work force. Societe Generale sets more Asia cuts. Deutsche Bank plans to cut additional 2,100 jobs globally

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.