Duetsche Telekom's T-Systems IT division will lay off about 7.5 percent, or 4,000 employees, according to Reuters, which cited an unnamed source.
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.
Deutsche Telekom has begun offering its VDSL2 service to customers in the first 10 communities in its operating territory. Initially supporting up to 50 Mbps, the telco will implement vectoring on its copper lines to offer up to 100 Mbps in the second half of 2014.
There was some good news for the European telecoms industry this week, with Vodafone unveiling investment plans and French operators slowing their rates of profit decline, although the latest missive from Moody's reminds us that the industry is still in a fairly fragile. Enter the bold predictions from one analyst company that foresees a wave of M&A sweeping Europe and the world in the coming three years.
Deutsche Telekom is buying GTS Central Europe for €546 million ($733.6 million) in a move that will provide the German operator with a ready-made fixed-line infrastructure in Central and Eastern Europe.
UK operator EE added almost half a million LTE customers in the third quarter and said it was able to boost data revenue and its contract customer base compared to the previous year.
"Good luck, Randy!" That's exactly what four of Europe's Big 5 operators (e.g., Vodafone, Deutsche Telekom, Orange, Telefónica, and Telecom Italia) told me when I asked the question: What do you think of AT&T CEO Randall Stephenson's statement that he sees room to move the European market in the direction of the U.S. by investing in networks, shifting pricing strategies to encourage mobile data use and collecting more revenue as use increases?
The mobile industry's "golden age" may be waning, as Ovum put it, but developments with LTE and increased interest by operators in exploring how they can differentiate their offers through tariff innovation and new types of services should help push the industry through to the next stage--whatever that will be.
Europe's operators joined forces this week in a combined effort to lambast recent European Union proposals for a major reform of the sector, instead calling for greater freedom to consolidate and less oversight over issues such as pricing and network technology.
KPN shareholders approved the €8.55 billion ($11.6 billion) sale of its German unit, E-Plus, to Telefónica Deutschland late on Wednesday, paving the way for KPN to resume paying dividends for 2014 and sharpen its investment focus on Belgium and the Netherlands.