German telecoms group Deutsche Telekom (DT) plans to cut administrative costs by around EUR3 billion (USD4.083 billion) by 2018, reports Manager Magazin. DT has brought on board consulting firm McKinsey to identify areas for savings and will implement a new strategy dubbed Build an Efficient and Smart Telecom (BEST). Under the initiative DT will reportedly look to pool its European resources into a single ‘pan-European network of existing control and management functions,’ a spokesperson for the group was quoted as saying.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors