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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

DEUTSCHE TELEKOM AG

(DTE)
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Real-time Quote. Real-time Tradegate - 05/21 03:59:58 pm
15.163 EUR   -0.80%
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Deutsche Telekom : Greek Telecoms Firm OTE Announces Redundancy Program

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03/15/2019 | 08:37am EDT

By Nektaria Stamouli

ATHENS--Greece's biggest telecommunications company OTE announced a voluntary redundancy program, in an effort to reduce its staff numbers.

The company is 45% owned and managed by Germany's Deutsche Telekom AG (DTE.XE).

The redundancy program was presented to its employees on Thursday and those interested will have to notify the company by the end of the month.

It is not clear how many people will take part in the scheme, but a similar program last year was taken up by around 300 employees.

The telecoms company is focusing on some 1,200 employees at its three main companies in Greece--OTE, Cosmote and Germanos--who are approaching retirement age.

Write to Nektaria Stamouli at nektaria.stamouli@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -0.46% 15.225 Delayed Quote.3.21%
DEUTSCHE TELEKOM AG -1.10% 15.118 Delayed Quote.3.14%
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Financials (€)
Sales 2019 79 090 M
EBIT 2019 10 932 M
Net income 2019 4 420 M
Debt 2019 54 731 M
Yield 2019 4,92%
P/E ratio 2019 17,07
P/E ratio 2020 14,79
EV / Sales 2019 1,61x
EV / Sales 2020 1,54x
Capitalization 72 784 M
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Technical analysis trends DEUTSCHE TELEKOM AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,8 €
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Christian P. Illek Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
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