Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,564.66
    -1,071.55 (-2.08%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Struggling T-Systems must change fast, new CEO says

Reuters - UK Focus

FRANKFURT, March 16 (Reuters) - T-Systems, the struggling IT services arm of Germany's Deutsche Telekom (IOB: 0MPH.IL - news) , is in for far-reaching changes over the next two years, the unit's new chief executive told Reuters.

"The company needs to change quickly," Adel Al-Saleh told Reuters in his first interview since taking on the job on Jan. 1. Asked how long he had to achieve the task, he said: "Twelve to 24 months.

T-Systems has for years been the problem child of Europe's largest telecoms group, which like rivals BT and Orange (LSE: 0OQV.L - news) has struggled to find a way to revive an old-style IT outsourcing model that relies too heavily on big clients. (Reporting by Douglas Busvine and Matthias Inverardi; Editing by Christoph Steitz)