Deutsche Telekom plans to bundle its German fixed network operations with T-Mobile Germany, according to the Financial Times Deutschland citing unnamed sources.
The restructuring would mean that the CEO of the German operations will be responsible for around half of the €60 billion in revenues, second only to Deutsche Telekom Group's CEO Rene Obermann. The plans will be presented to Deutsche Telekom's supervisory board this week FTD said.
The main reason for the restructuring is not to cut jobs, but to create a formal structure for the increasing convergence between fixed and mobile, apparently. The restructuring plan is connected to the planned departure of current CFO Karl Gerhard Eick at the end of February.
Timotheus Hoettges, currently head of fixed networks, will be the new CFO.