France Telecom, Deutsche Telekom to deepen cooperation: sources
PARIS | Fri Apr 15, 2011 1:35pm EDT
(Reuters) - France Telecom and Deutsche Telekom will share parts of their mobile networks in Poland, Austria, and Romania, which they say may trim 650 million euros in operating and investment costs by 2015, sources said.
The two companies are holding a joint press conference in London on Monday morning to provide fresh details on a plan announced in February to undertake technology cooperation in various areas.
Two sources briefed on the companies' project, dubbed 'Project Victory' internally, also said it would include joint purchasing of network equipment and handsets.
No numbers were disclosed on potential cost savings from such joint purchasing, they said.
Sharing some parts of mobile networks in Poland, Austria, and Romania could trim a total 200 million euro of operating costs and 450 million euro of capital expenditure through 2015, the sources said.
France Telecom declined to comment on Friday, and Deutsche Telekom could not immediately be reached for comment.
(This story was corrected in paragraph five to show the costs savings are a total, not annual saving)
(Reporting by Leila Abboud and Marie Mawad)
Credit: Reuters (www.reuters.com)
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