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General

Deutsche Telekom CEO calls for industry consolidation

Thursday 28 November 2013 | 17:34 CET | News
"Now is the right time" for consolidation in the European telecom sector, according to Deutsche Telekom CEO Rene Obermann. In an interview with Bloomberg, he called on industry players to take a longer-term view, thinking "in terms of 10-, 15-, 20-year periods". Deutsche Telekom, Europe's second-largest operator, is "too small in the long run for competing internationally", Obermann said following a speech. DT, which has operations across eastern Europe and in the US, has a market capitalisation of around EUR 51.7 billion, compared to USD 187 billion for US-based AT&T. Obermann said Deutsche

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Categories: General
Companies: Deutsche Telekom / France Telecom / Orange
Countries: Europe
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