Deutsche Telekom has laid out an ambitious three-year plan which includes boosting sales by $1.3 billion by introducing new products, increasing marketshare in Europe, expanding its mobile business in the U.S. and becoming Europe's largest telco company by earnings. Not surprisingly, CEO Kai-Uwe Ricke says he plans to make T-Mobile USA the largest division within DT. The plan also includes staff reorganization, effective immediately: Ricke will handle overall responsibility for marketing, T-Systems CEO Lothar Pauly will now control networks, IT and purchasing operations worldwide and T-Mobile CEO Rene Obermann will head sales in Germany. The German government still holds a 32.5 percent stake in the company, which has faced falling fix-line revenue, slow growth and rising competition.
For more on DT's three-year plan:
- see this WSJ article [1] (sub. req.)
Links:
[1] http://online.wsj.com/article/SB115721802745052690.html?mod=telecommunications_primary_hs