AGL 39.50 Decreased By ▼ -0.50 (-1.25%)
AIRLINK 129.00 Decreased By ▼ -0.06 (-0.05%)
BOP 6.74 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.08 Increased By ▲ 0.26 (0.64%)
DGKC 81.40 Increased By ▲ 0.44 (0.54%)
FCCL 32.94 Increased By ▲ 0.17 (0.52%)
FFBL 74.84 Increased By ▲ 0.41 (0.55%)
FFL 11.80 Increased By ▲ 0.06 (0.51%)
HUBC 109.41 Decreased By ▼ -0.17 (-0.16%)
HUMNL 14.10 Increased By ▲ 0.35 (2.55%)
KEL 5.26 Decreased By ▼ -0.05 (-0.94%)
KOSM 7.67 Decreased By ▼ -0.05 (-0.65%)
MLCF 38.30 Decreased By ▼ -0.30 (-0.78%)
NBP 65.01 Increased By ▲ 1.50 (2.36%)
OGDC 192.01 Decreased By ▼ -2.68 (-1.38%)
PAEL 25.70 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.35 Decreased By ▼ -0.04 (-0.54%)
PPL 153.13 Decreased By ▼ -2.32 (-1.49%)
PRL 25.50 Decreased By ▼ -0.29 (-1.12%)
PTC 17.50 No Change ▼ 0.00 (0%)
SEARL 79.50 Increased By ▲ 0.85 (1.08%)
TELE 7.78 Decreased By ▼ -0.08 (-1.02%)
TOMCL 33.65 Decreased By ▼ -0.08 (-0.24%)
TPLP 8.54 Increased By ▲ 0.14 (1.67%)
TREET 16.15 Decreased By ▼ -0.12 (-0.74%)
TRG 57.97 Decreased By ▼ -0.25 (-0.43%)
UNITY 27.70 Increased By ▲ 0.21 (0.76%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 10,531 Increased By 86.2 (0.83%)
BR30 31,106 Decreased By -83 (-0.27%)
KSE100 98,722 Increased By 923.6 (0.94%)
KSE30 30,819 Increased By 338.8 (1.11%)

Deutsche Telekom is taking back responsibility for corporate telecoms clients from its restructured T-Systems unit, which will emerge as a slimmed-down operation focused on IT and digital services.
Adel Al-Saleh, hired at the start of 2018 to staunch losses at T-Systems, told staff on Wednesday that the business would in future be "an integrated end-to-end IT player and reliable enabler for our clients' digitization".
American Al-Saleh, who gave himself two years to get the job done, has already acted to reduce T-Systems' German headcount by 5,600, close most local offices and hire 3,000 offshore staff to round out its software skills.
"We plough on," Al-Saleh told a briefing in Bonn, when asked what stage his restructuring drive had reached.
"We now have a portfolio that is fit for the marketplace - and the marketplace is changing dramatically," he added. "In reality, your transformation never stops."
The reshuffle at Europe's largest telecoms group will leave T-Systems with top-line revenues of 4 billion euros ($4.4 billion) - down from nearly 7 billion euros last year. Around 30,000 employees will serve 1,000 clients.
Several European telecoms have found themselves saddled with IT operations poorly placed to compete against more dynamic pure-play rivals. T-Systems has also struggled with the legacy of loss-making IT contracts struck by past management.
Al-Saleh is positioning T-Systems as a German-centric player offering a portfolio of services, with an emphasis on multinational companies like auto maker Daimler that generate the lion's share of its revenues.
Its operations span areas including the industrial internet, cyber-security, road charging and a practice that manages business applications offered by SAP.

Copyright Reuters, 2019

Comments

Comments are closed.