Deutsche Telekom AG , Europe’s biggest phone company, said Bonn prosecutors acted excessively when they raided the home of Chief Executive Officer Rene Obermann last month as part of a corruption probe.
As Deutsche Telekom AG Chief Executive Officer Rene Obermann strives to return the company’s European business to growth, the U.S. wireless unit he agreed to sell to AT&T Inc. for $39 billion is being left behind.
The 50 state attorneys general probing U.S. foreclosure practices will first settle with the five largest loan servicers, including Bank of America Corp. and JPMorgan Chase & Co. , Iowa Attorney General Tom Miller said.
Deutsche Telekom AG, Germany’s largest phone company, said joint investments in laying cables are necessary to remain competitive as Europe’s debt crisis threatens profit at the region’s telecommunications operators.
Deutsche Telekom AG Chief Executive Officer Rene Obermann said Europe’s largest telecommunications company will stick to its profit target even after an expected regulatory order to cut mobile-phone charges.