Feeds

France Telecom sues Deutsche Telekom for billions

Italian merger effectively terminates alliance, says FT

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

Jilted phone giant France Telecom is claiming "several billion Euros" from Deutsche Telekom over the latter's wrecking of the pair's nice alliance. FT's claim translates neatly into a little over several billion dollars, and if the other member of the old triple alliance, US Sprint, cares to chime in, this could get expensive for DT. According to France Telecom: "The proposed combination between Deutsche Telekom and Telecom Italia, undertaken without any prior consultation with France Telecom, significantly alters the trust between the two partners and deliberately breaches the alliance. It entails as a consequence the termination of the agreements signed in 1998." DT's proposed Telecom Italia merger certainly materially alters the nature of its alliance with FT (which is somewhat different from, but not entirely unrelated to, the Global One alliance involving Sprint). The Register's take on DT's move is that it's some kind of corporate insanity (Register stock tip - never put any money into anything called Telecom Italia), and that no good will come of it. France Telecom has filed lawsuits with the International Court of Arbitration of the International Chamber of Commerce, and seems very cross indeed. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.