Deutsche Telekom looking to duck investment promise

A Deutsche Telekom representative in Slovakia has said the firm will discuss reducing the one billion euro it promised to invest in its 2000 acquisition, Slovak Telecom, as market results have not matched expectations.

While the German firm's purchase contract for ST allows it to renegotiate the investment promise, the Slovak Telecom Ministry has said it will not countenance any changes.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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