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Telecom operators: Deutsche Telekom

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(CNN) -- Deutsche Telekom is Europe's biggest telecommunications company.

A former state-run monopoly, the group was publicly listed in 1996 and is still 43-percent owned by the German government.

The Bonn-based group is Germany's No. 1 fixed-line phone operator with 57 million access lines. It also operates T-Mobile International with 66.9 million wireless customers.

In 2001, it moved into the U.S. mobile phone market by purchasing loss-making VoiceStream Wireless and Powertel

Deutsche Telekom plans to float T-Mobile as part of a restructuring programme that includes the sale of non-core assets and debt reduction.

The group is majority owner of T-Online -- Europe's biggest Internet service provider with 10.7 million customers -- and operates T-Systems, which provides information technology services.

The group has been struggling to rein in costs and sell some of its assets to help pay down its 67 billion euros ($67.5 billion) in debt and return to profitability.

It plans to cut almost 22,000 jobs from its 245,000-strong workforce in Germany by the end of 2004.

Web site: www.telekom.de

Chief Executive Officer: Kai-Uwe Ricke




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