Deals
Deutsche Telekom Stokes BT Alliance to Jumpstart Europe Fix
- CEO Hoettges eager to combine forces in challenging market
- German carrier to look at Vodafone’s Dutch fixed-line business
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Deutsche Telekom AG Chief Executive Officer Tim Hoettges, under pressure to turn around the carrier’s European business, is looking to the U.K. and the Netherlands to deliver the first fixes.
Deutsche Telekom has started about 20 joint projects with BT Group Plc, in which it owns a 12 percent stake, and seeks to “intensify” cooperation with the British carrier on everything from procurement and next-generation wireless technologies to its Entertain TV product, Hoettges said Thursday.