12/27/2019, 3:40 PM (Source: TeleTrader)
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Deutsche Telekom to restructure T-Systems - report

Deutsche Telekom will restructure T-Systems after reaching a deal with the IT subsidiary's 2,300 employees which will be affected, Handelsblatt reported on Friday citing people familiar with the matter.

A spokesperson for Deutsche Telekom said: "The divisions will work together virtually from January 1. Nobody will be worse off."

According to the deal, T-Systems' telecommunications services will become part of Deutsche Telekom Business Solutions GmbH. Additionally, the restructuring will include the foundation of two new subsidiaries of Deutsche Telekom which will focus on Security and the Internet of Things.

Baha Breaking News (BBN) / VP