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Deutsche Telekom says no new savings target set yet
June 19, 2014 / 10:41 AM / in 3 years

Deutsche Telekom says no new savings target set yet

BERLIN, June 19 (Reuters) - Deutsche Telekom said it was not yet clear how much additional cost cuts it would achieve with a new savings programme, adding it could not confirm a figure of about 3 billion euros ($4.1 billion) reported by Manager Magazin earlier.

The monthly magazine had reported earlier on Thursday, citing no sources, that the savings target was part of a new programme dubbed BEST, which bundles existing programmes in Europe.

“Whether and how much additional savings can be achieved by better coordination and possibly a new controlling and administrative structure will emerge only over the course of the working group’s activities,” a spokesman for Deutsche Telekom told Reuters in an e-mailed statement.

$1 = 0.7368 Euros Reporting by Alexander Ratz; Writing by Maria Sheahan

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