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Deutsche Telekom Sets Sights on More Acquisitions

12:26 am on October 10, 2007 | Category: Business, Corporate, Telecom Services

Even after swallowing U.S. wireless operator, SunCom, and Dutch mobile and internet carrier, Orange Netherlands, Deutsche Telekom remains on the lookout for more acquisitions, the company’s Chief Financial Officer told a German newspaper earlier this week.

“If another opportunity like SunCom comes up in the United States, we will be ready to use it,” Karl-Gerhard Eick is quoted as saying in an interview with Frankfurter Allgemeine Zeitung.

Deutsche Telekom is currently preparing bids throughout its Croatian and Hungarian subsidiaries for a 49.13% stake in Slovenia’s leading telephone provider, Telekom Slovenije, Eick said. The German telecom incumbent is also considering re-entering the the Russian market, which it exited three years ago by selling its stake in MTS.

Seperately from these endeavors, Deutsche is still looking for a partner for the systems integration division of T-Systems Enterprise Services, its business solutions unit.

“We need a strong international partner for systems integration,” Eick explained. “The remaining businesses will stay with T-Systems and will be enlarged.”

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