• Most Popular
  • Most Shared

D.Telekom reiterates plans expansion abroad-paper

Sun May 11, 2008 9:49am EDT

Stocks

   

FRANKFURT, May 11 (Reuters) - Deutsche Telekom (DTEGn.DE) plans to expand abroad in new markets and in markets where it is already active, the Frankfurter Allgemeine Sonntagszeitung newspaper quoted its chief executive as saying.

The company plans to expand its existing business abroad and to take over competitors, boosting the share of Deutsche Telekom's business outside its home market further, Chief Executive Rene Obermann told the paper.

Obermann declined to comment on market speculation that the company was considering buying Sprint Nextel (S.N).

A source close to the company told Reuters earlier this month that Deutsche Telekom had been looking at Sprint Nextel since the U.S. company announced a huge goodwill writeoff in February.

The person said then no decision had been taken on whether to bid. (Reporting by Peter Dinkloh; editing by Rory Channing)



More from Reuters

Photo

Democrats reach deal on health bill

WASHINGTON (Reuters) - Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal.

» More Top News
A pedestrian walks in lower Manhattan in New York, April 16, 2007. REUTERS/Eric Thayer
Analysis:

The boomer meltdown

The number of U.S. workers in their prime savings years peaks in 2010, affecting a key ratio that has impacted equities for 40 years. If history repeats itself, stocks are set for a funk.  Full Article 

Economy
Traders work on the main floor of the BM&F Bovespa stock exchange market in Sao Paulo October 10, 2008.REUTERS/Paulo Whitaker

Betting on emerging markets

There's still an upside in large-cap U.S. stocks, but BlackRock's Bob Doll says emerging markets have two things the developed world does not.  Full Article 

investment outlook summit