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'Telekom plans to merge German fixed/mobile units - report'
(DMeurope Via Acquire Media NewsEdge)
Deutsche Telekom plans to bundle its German fixed network operations
with T-Mobile Germany, according to the Financial Times Deutschland
citing unnamed sources. The restructuring would mean that the CEO of
the German operations will be responsible for around half of the
current EUR 60 billion in revenues, becoming the second most powerful
person within the Deutsche Telekom Group after Group CEO Rene Obermann.
The plans will be presented to Deutsche Telekom's supervisory board
this week. The company did not want to comment on rumours ahead of its
annual figures due 27 February. The main reason for the restructuring
is not to cut jobs, but to create a formal structure for the increasing
convergence between fixed and mobile. The restructuring plan is
connected to the planned departure of current CFO Karl Gerhard Eick at
the end of February, which provides an opportunity to restructure, by
naming current fixed network boss Timotheus Hoettges as CFO. With
regards to who will become the CEO of the merged German operations,
several names are mentioned including T-Com manager Christian Illek as
well as T-Mobile managers Philipp Humm and Georg Poelzl.
(Distributed for DMeurope.com via M2 Communications Ltd (www.m2.com))
Copyright ? 2009 M2 Communications Ltd.
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