As the news broke that Liberty Global has secured Ziggo in a deal that values the Dutch cable operator at €10 billion ($13.7 billion) including debt, two questions were on everyone's lips: will there be an all-out war between Liberty and Vodafone as the two race to mop up Europe's last remaining independent cable assets, and what on earth will Rene Obermann do next?
Rene Obermann will be packing up his office as he clears the way for former Deutsche Telekom CFO Timotheus Hoettges to take control of Europe's third-largest operator by sales on Jan. 1, 2014.
For European operators thinking of mergers and acquisitions, now is the time to make their move, according to comments made this week by the CEO of Deutsche Telekom, Rene Obermann.
New figures suggest that growth in prepaid mobile subscriptions as a proportion of total connections has plateaued, and it also appears that European operators are looking enviously at the higher average revenue per user that their U.S. counterparts are able to generate from non-contract customers.
Deutsche Telekom CEO René Obermann shook the industry by announcing he will join Dutch cable operator Ziggo as its CEO starting next year.
Deutsche Telekom plans to launch Germany's largest Wi-Fi network in partnership with crowdsourced Wi-Fi provider Fon.
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 will invest heavily in Germany and the United States in a bid to revamp its financial performance, according to DT CEO Rene Obermann. Key to this turnaround is a commitment to push forward with LTE deployment in Germany and news that its T-Mobile USA subsidiary will have access to the iPhone starting next year.
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 CEO Rene Obermann will offload direct oversight of T-Mobile USA to DT CFO Timotheus H ö ettges as he focuses on strategic priorities and how to grow DT's business outside of its traditional telecom offerings, multiple reports said.