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

DEUTSCHE TELEKOM AG

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Deutsche Telekom : Greek Telecoms Firm OTE Announces Redundancy Program

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03/15/2019 | 09:37am 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 -0.89% 15.67 Delayed Quote.5.74%
DEUTSCHE TELEKOM AG -0.98% 15.645 Delayed Quote.5.57%
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Financials (€)
Sales 2019 78 645 M
EBIT 2019 10 926 M
Net income 2019 4 659 M
Debt 2019 54 196 M
Yield 2019 4,86%
P/E ratio 2019 16,37
P/E ratio 2020 14,28
EV / Sales 2019 1,64x
EV / Sales 2020 1,56x
Capitalization 74 493 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,7 €
Spread / Average Target 6,5%
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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