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Deutsche Telekom Dutch Unit Denies Report On Job Cuts

By Archibald Preuschat Of DOW JONES NEWSWIRES AMSTERDAM -(Dow Jones)- Deutsche Telekom AG (DTE.XE) rejected as incorrect a media report that it wants to cut a quarter of its Dutch workforce, a spokesman of T-Mobile in the Netherlands said Tuesday. Earlier Tuesday, Dutch daily Het Financieele Dagblad reported that T-Mobile Netherlands, fully-owned by Deutsche Telekom, wanted to cut 25% of its 1,900 staff in the country, citing unidentified sources. "We have to become a leaner and more efficient company," a T-Mobile spokesman said. However, he added there are no concrete plans for job cuts yet. T-Mobile, the country's smallest mobile network provider with a 24% market share according to research institute Telecompaper, saw its sales decreasing by 5% in the quarter ended March 31. Earnings before interest, taxes, depreciation and amortization, or Ebida, fell by almost 20% on lower sales and higher investments aimed at keeping customers. Most recently, T-Mobile introduced new rate plans which included set contracts for voice minutes or text messages and unlimited Internet access. Plans start at EUR29.50 for 150 minutes or texts per month, including unlimited mobile Internet. Customers who sign up for a two-year contract get a free smartphone and can use all services free of charge in the first four months. The unit's move comes at a time when Dutch telecom incumbent Royal KPN NV (KPN.AE) tries to raise prices following an 8.1% fall in its Dutch first-quarter mobile-service revenue, which it blamed on increasing use of voice over Internet protocol services, or VoIP, such as Skype and instant messaging such as WhatsApp. KPN, which has a 49% market share in the Netherlands, said it won't charge customers for using WhatsApp but T-Mobile forbids its customers from using the service in its latest terms and conditions, despite offering unlimited Internet access. Instant messaging is becoming increasingly popular in the Netherlands, especially among young customers who often use a smartphone. The trend impacts the telecom providers' sales and was one of the reasons why KPN issued a profit warning in April. KPN came under fire in its home market after it admitted to scanning its customers' data traffic to determine whether WhatsApp or Skype were being used. The Netherlands's second-largest mobile network provider, with a 27% market share, Vodafone PLC (VOD) said Tuesday it doesn't plan to copy T-Mobile's new rate plans. Vodafone also allows the use of WhatsApp but asks for an extra fee if customers want to use Skype on its mobiles. "We scrapped the fair use policy and implemented new fixed data allowances, charged differently. There are no plans to change this," a local Vodafone spokesman told Dow Jones Newswires. Competition in the Dutch mobile market could heat up further when a fourth player enters the field. The country's two cable network providers Ziggo and UPC, owned by European broadband provider Liberty Global Inc. (LBTYA), jointly bought mobile spectrum licenses last year, allowing them to offer national mobile services. -By Archibald Preuschat, Dow Jones Newswires; +31 20 5715 218; archibald.preuschat@dowjones.com

Stock News for Liberty Global (LBTYB)
DateTimeHeadline
04/16/201403:29:51Ziggo Swings to 1Q Net Loss; 2014 Outlook Unchanged
04/15/201417:55:12Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
04/04/201416:47:18Liberty Global Files 8K - Changes Executive Management
04/03/201408:10:02Dutch Cable Merger Faces EU Antitrust Review
04/03/201407:19:24EU Antitrust Chief Signals Brussels Will Review Dutch Cable Merger
03/25/201416:52:50Liberty Global Files 8K - Regulation FD
03/24/201417:32:16Liberty Global Files 8K - Other Events
03/19/201416:53:11Liberty Global Files 8K - Unregistered Equity Sales
03/14/201413:43:13Liberty Global Ends Talks to Buy U.K.'s Daisy Group -FT
02/24/201402:57:47Liberty Global, Ziggo Making Good Progress on Offer
02/14/201417:53:37Berkshire Reports New Position of 2.95 Million Shares of Liberty...
02/14/201411:44:52Correction to Thursday's Liberty Global Earnings Story
02/11/201416:24:10Charter Nominates Candidates for Time Warner Cable Board -- Update
02/11/201415:34:35Ono Will Go Ahead With IPO -- Update
02/03/201415:56:28John Malone in Preliminary Talks About Buying CVC Stake in Formula...
02/03/201404:59:09Daisy Group Signs Strategic Partner Services Pact with Virgin...
01/31/201417:27:48Liberty Global Files 8K - Entry Into Definitive Agreement
01/29/201414:21:21Spanish Cable Operator Ono Submits Preliminary IPO Prospectus...
01/27/201404:50:09Liberty Global to Buy Ziggo for $9 Billion
01/22/201409:09:32Liberty Global CEO: Says Looking to Spin Off Latin American Operations...

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