DT looks to emerging markets for growth

Having imposed strict cost controls on its German operations, Deutsche Telekom's (DT) CEO, René Obermann, has hinted that he will be looking for new mobile opportunities outside the company's existing European and U.S. markets. Coming only days after France Telecom gave the same indication, Obermann said that he would consider building new networks rather than buying established operators. "Should any opportunity, be it small or large, come along and really fit our strategy [of foreign expansion], we would seriously look at it," he said. "But we won't just do it because there is public pressure. It has to make strategic and financial sense." However, Obermann added that he would be happy to pursue DT's piecemeal approach to foreign expansion, and that he did not feel under pressure "to do something big" after 15 months as chief executive.

For more on this story:
- read The Financial Times

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