Word: telecoms
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...RICKE Telecom Titan The new CEO of Deutsche Telekom, Ricke, 41, has swiftly shaken up the debt-burdened telephone giant: he eliminated three board positions and added two division heads to give those closest to the markets more influence. He's also considering reducing DT's stake in T-Mobile USA (formerly VoiceStream) to shift some debt off the balance sheet. Investors hope Ricke can duplicate the magic he performed as DT's wireless boss in Germany, where he recaptured market leadership from Vodaphone...
MAGGIE WILDEROTTER Technology Trailblazer After starting in accounts receivable at a software firm, she rose rapidly in the telecom industry and eventually built Wink Communications into the world's largest interactive-TV service. Now Wilderotter, 47, is the highest-ranking woman at Microsoft; she was just named senior VP of business strategy and given a mandate to increase sales to governments and schools...
...compete against one another for local service. During that period, they have incurred repeated fines by federal and state regulators for not opening their networks. "They were so busy trying to prevent real competition that they let a monster develop," says Royce Holland, CEO of Dallas-based Allegiance Telecom, which has $517 million in annual sales and is one of the few surviving small, competitive local exchange carriers that have built a solid business selling telecom bundles to small and midsize businesses. As for the Bells' poor-mouthing, Holland quips, "If anybody thinks they'll invest more money in their...
Echoing most telecom-industry analysts, Powell has made clear that he thinks that the industry may well need another round of consolidation to get back on sound footing--whether that means SBC and BellSouth or Verizon and Qwest joining forces, the Bells snapping up their newfound competitors at AT&T and MCI, or some of the six major wireless carriers finding strength in numbers. But, as Gene Kimmelman, co-director of the Washington office of Consumers Union, points out, "If Powell goes too hard too fast, he could end up with egg all over his face, with a more monopolistic...
Masiyiwa, 41, is at the forefront of this transformation, and has become a role model for other young African executives. His privately held company, Econet Wireless, generates revenue of more than $300 million a year, making it one of Africa's five largest telecom companies. It operates in eight countries, including Nigeria, Africa's most populous nation with 125 million people but just 600,000 fixed lines; New Zealand, where Econet will soon launch that country's third GSM network; and Britain, where Masiyiwa is targeting the niche market of African expatriates. "When I visited Nigeria a year...