Deutsche Telekom fights back on all fronts

Article Abstract:

Deutsche Telekom sought to merge with Telecom Italia, but this attempt failed, and the company also faced problems with its alliance with France Telecom. Deutsche Telekom is recovering from these setbacks, however, and is carrying out a major corporate restructuring. The company plans to expand abroad and may try to set up separate holding companies for on-line and mobile telephony assets. Deregulation has led to increased competition in Germany which has been a catalyst for change.

Strategy & planning, Germany, Telecommunications, Management, Telecommunications services industry, Telecommunications industry, Deutsche Telekom AG

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Advertisers raise hopes of end to media slowdown

Article Abstract:

Advertising services firm Cordiant, which runs the Bates Worldwide agency, achieved a 27% rise in per-tax profit in the first half of 2001 to 33.1 million pounds sterling, with revenues up 45% to 309 million pounds sterling. However, it will face a full-year charge of 10 million pounds sterling for severance costs incurred from reducing its workforce.

Advertising agencies, Finance, Cordiant PLC

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