Word: telekom
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...former venture capitalist then refocused the company on telecommunications with acquisitions worth more than $1 billion. Today Elektrim boasts more than 2.5 million subscribers through its voice, video, mobile and fixed-line telephone networks. Early last year Elektrim clashed with the German giant Deutsche Telekom over a controlling interest in wireless company PTC. Lundberg has apparently prevailed, but a lawsuit launched by Deutsche Telekom in Polish courts blocked further investments and forced her to take out a loan that increased PTC's debt load 55%. It took a last-minute $1.2 billion sale to Vivendi of a 49% share...
Similar practices are spreading across Europe. In Germany, Deutsche Telekom's D1 service allows motorists to call in with a destination, then drive on, as a computer-generated voice calls back every 15 minutes with traffic information. In Italy, operator Omnitel lets users call a special number while standing in front of designated piazzas; the computer figures out where you are and plays back a recorded discourse on the art and history of the location in one of five languages...
Software giant Microsofttoday announced alliances with 10 companies -- including phone giant U S West and Germany's Deutsche Telekom, the world's largest cable company -- to test and deploy itsworldwide interactive TV. Part of the deals: Hewlett-Packard and NEC will join General Instrument in developing TV set-top boxes compatible with the Microsoft's Tiger TV software system. Some industry analysts think Microsoft, seen as lagging behind similar interactive projects from Time Warner, Viacom,Bell Atlanticand others, might now be poised to pull ahead. The company's chief, Bill Gates, predicts a mass market for interactive television in five...
Sprint, the U.S.'s third largest long-distance carrier, confirmed that it was holding merger talks with France Telecom and Deutsche Telekom, the state-owned telephone companies of France and Germany. Sprint only recently broke off merger talks with Electronic Data Systems Corp...