Deals
France Telecom Scours Africa as German Rival Keeps to Europe
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Deutsche Telekom AG and France Telecom SA are split over where and how to offset their declining phone businesses in Europe, even as they deepen cooperation on equipment purchasing, networks and technology.
Deutsche Telekom Chief Executive Officer Rene Obermann is refocusing the Bonn-based company around Europe and increasing network spending in its home market after agreeing to sell the customer-losing T-Mobile USA business. The stagnant French market is pushing France Telecom CEO Stephane Richard to scour Africa and the Middle East for further acquisitions.