Deutsche Telekom on track to become 100 billion euro business: CEO

BERLIN: Deutsche Telekom is on course to become a 100 billion euro business, Chief Executive Tim Hoettges said after the transatlantic telecoms group posted forecast-beating quarterly results boosted by its recently-merged U.S. unit.

Although results in its core telecoms operations on both sides of the Atlantic were strong, Hoettges said that IT services unit T-Systems was underperforming as the coronavirus pandemic hit orders and revenue.