Mergers and Acquistions News
Categories: Telecoms
January 21st 2009, 17:04PM
This year will not see a cut back in investment plans from Deutsche Telekom, says a director from the firm.
Hamid Akhavan - who heads the German telecoms wireless unit T-Mobile - made the pledge in an interview with Reuters.
Although he said mergers and acquisitions will be "less exciting" in the short term, as a result of volatile credit markets, he maintained acquisitions will stay an integral part of business.
Mr Arkhavan was optimistic that the economic downturn would not mean consumers using their mobile phones less.
He told the news provider: "We are not planning to cut back.
"2009 will be at least as high as 2008, maybe even slightly higher in terms of capex."
Communications giants Deutsche Telekom operates in over 50 countries around the globe, with more than half of its revenues generated outside Germany.
Last year it snapped up Greek telecommunications firm Hellenic Telecom(OTE).
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