Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

German Phone Man Hangs Up


International Outlook: GLOBAL WRAPUP

GERMAN PHONE MAN HANGS UP

After a storm of criticism, Gerhard O. Pfeffermann has withdrawn from the supervisory board of Deutsche Telekom. The move is a victory for companies such as BellSouth, Cable & Wireless, and Veba that hope to break into or expand their activities in the German telecom business.

Posts and Telecommunications Minister Wolfgang Butsch had appointed Pfeffermann, one of his top aides at the Ministry, to the Telekom board about a month ago. But both German and foreign industry cried foul, arguing that Pfeffermann would be in the bizarre position of ruling on applications to compete against the state-controlled monopoly while sitting on its board. Butsch at first insisted he saw no conflict of interest but finally yielded. Competitors hope that having won this victory, they can also force Butsch to speed up Germany's painfully slow phone deregulation.EDITED BY STANLEY REED


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus