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28 December 2009

D.Telekom sees more alliances in new strategy-CEO

27 12 2009 - Deutsche Telekom is planning further partnerships and investments under a new strategy to address the growing convergence between TV, the Internet and mobile networks, its chief executive told a German magazine. "The new 'Strategie 2.0' will, above all, highlight more strongly our growth prospects with regard to internet services," Rene Obermann told Der Spiegel in an interview made available ahead of publication on Monday.

"In the future, we will expand our product development as well as commit to further investments and cooperations."

Deutsche Telekom, Europe's largest telecoms group, in November agreed to buy Freenet's (FNTGn.DE) internet service company Strato for 275 million euros ($393.6 million), becoming Germany's No.2 player in web-hosting products. [ID:nLJ53928]

Obermann said the results of the new strategy being developed in several working groups would be presented early next year.

In November, the company's T-Mobile UK and France Telecom SA's (FTE.PA) Orange signed an agreement to merge their British units in a joint venture, forecasting savings of more than 4 billion euros. [ID:nL5241342]

Media reports earlier this year said that the company -- which competes with Britain's Vodafone (VOD.L), Spain's Telefonica (TEF.MC) and Italy's Telecom Italia (TLIT.MI) -- is also looking for a partner for its U.S. mobile business.

Sources have told Reuters that the company is keeping its options open and it is not close to making a decision on the unit's mid-term future. [ID:nLK604530]

Asked why the company does not look for a partner or simply sell the unit, Obermann said: "It is true that we have to ask ourselves time and time again in every country whether or not the path taken also remains the right one in the future."

He also said that the company invested more than $3 billion in the United States in 2009, adding that this level was "not unrealistic" in the future.

"I still see good growth prospects in the United States, particularly in the area of mobile Internet. We want to utilise those," Obermann said.

Source: Reuters.com



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