Deutsche Telekom set to expand

ONLY TWO weeks after snapping up One2One for pounds 8.4bn, Deutsche Telekom pledged yesterday to expand further beyond Germany and hinted at setting up separately listed holding companies for its mobile phone and on-line assets.

"I am convinced that this is the only way in which we can further enhance our strong position in rapidly changing markets," said Ron Sommer, the chief executive of the telecommunications group, which is Europe's largest.