We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,764 News Articles

Former head of T-Mobile to lead Deutsche Telekom

Must staunch customer losses

Deutsche Telekom AG has appointed the former head of its profitable T-Mobile phone business as the company's chief executive officer.

René Obermann joined the German network operator in 1998, working his way up the ladder to become a board member and head of the group's mobile phone division, the company said today.

Obermann succeeds Kai-Uwe Ricke, who resigned yesterday after a meeting with the supervisory board.

Ricke was appointed CEO on 15 November 2002, succeeding Ron Sommer, who lost his job after plunging Europe's largest telecommunications service provider into debt and allowing its stock to free-fall.

At the helm of Deutsche Telekom, Ricke successfully reduced the group's debt from more than €65bn (about £44bn) to less than €40bn (£27bn) at the end of September. But he was unable to stop declining revenue in its traditional landline business, as competitors with lower fixed costs nibbled away at its customer base for voice services.

One of Obermann's immediate challenges will be to dam the flow of customers to rivals.


IDG UK Sites

LG G Watch review: Android Wear smartwatch is the best around, so far

IDG UK Sites

How to join Apple's OS X Beta Seed Program: Get OS X Yosemite on your Mac before public release

IDG UK Sites

Why the BBC iPlayer outage was caused by a DDoS attack: Topsy and Tim isn't *that* popular

IDG UK Sites

BBC using Glasgow 2014 Commonwealth Games to trial 4K/UHD, pan-around video, augmented video and...