Deutsche Telekom surprised the industry by announcing that CEO Rene Obermann will depart the company at the end of 2013. DT's board said CFO Timotheus Hoettges will become deputy CEO next year and take full control starting in January 2014.
Deutsche Telekom CEO Rene Obermann brushed aside the third-quarter €7.4 billion writedown on its T-Mobile USA business, and instead told investors that the company plans to spend €2.5 billion boosting its German network to support the growth in data traffic.
Deutsche Telekom said it will merge its T-Mobile USA subsidiary with regional U.S. operator MetroPCS to create a mobile operator more able to rival Verizon Wireless and AT&T Mobility. For the German telco, this move could be part of the solution it has been searching for to its long-standing problems with its U.S. subsidiary, having failed to gain regulatory approval to merge T-Mobile USA with AT&T last year.
Verizon Communications and MetroPCS on Monday once again took their argument to a federal appeals court to get the Federal Communications Commission's net neutrality rules overturned.
Tier 1 carrier Verizon and MVNO MetroPCS Communications on Monday called on a federal appeals court to jettison open-Internet rules the Federal Communications Commission issued some 19 months ago.