FRANKFURT May 21 The former chief executive of
Deutsche Telekom is in talks to take a job as a
senior adviser with U.S. buyout group General Atlantic, a person
familiar with the negotiations told Reuters on Wednesday.
The talks could result in a deal, the person said, "but
there is nothing imminent."
German business monthly Manager Magazin reported the news
earlier on Wednesday.
Rene Obermann, former CEO of Deutsche Telekom, had taken up
a top job at Dutch cable operator Ziggo in January,
but found himself back on the job market after the firm agreed a
takeover offer from U.S. firm Liberty Global only
Private equity firm General Atlantic focuses on companies in
the technology and media industry. Among others, the group works
with German publisher Axel Springer in the
Working for an investment firm would not really fit with
Obermann's earlier stated ambitions.
After announcing in December that he would leave Deutsche
Telekom after six years at the helm, he said he wanted to work
for a smaller company where he could be "closer to the engine
room", giving him more time for technology and products.
General Atlantic and Ziggo declined to comment.
(Reporting by Peter Maushagen; Writing by Kirsti Knolle;
Editing by Philipp Halstrick and Mark Potter)