Sunday May 11
Deutsche Telekom CEO asks shareholders for patience
“This is hard work that requires trust and patience.”
Deutsche Telekom AG's chief executive is asking shareholders to show patience, pointing to the global credit crisis as a reason for the company's lackluster share price, according to an interview published Sunday.
Rene Obermann took over as head of Europe's biggest telecom company in late 2006. Last week, the company reported a rise in first-quarter net profit but a decline in revenue.
Telekom shares, worth nearly 13.50 euros when Obermann took over, closed at 11.81 euros ($18.29) Friday. Read more
Posted by The Associated Press
Full Story: The Associated Press
Complete Coverage: 3 stories
- StarTribune - Report: Deutsche Telekom CEO asks for patience from shareholders, offers no comment on Sprint
- International Herald Tribune - Report: Deutsche Telekom CEO asks for patience from shareholders
- Seattle Post-Intelligencer - Deutsche Telekom CEO asks shareholders for patience
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