Deutsche Telekom CEO René Obermann has said the operator will “renew” itself as it attempts to drive growth in the next two years.

Speaking at a shareholders' meeting on Thursday, Obermann said the Germany-based company would focus on four strategic action areas: integrated networks for the gigabit society; innovation through collaboration; secure cloud solutions; and “delighting” customers.

A mixture of intensifying cooperation with external partners and in-house development would drive this vision through, the operator added in a statement.

DT lost its crown as Europe’s biggest operator by revenue in 2011 to Telefonica. Earlier this month, it revealed Q1 profits fell a further 1.1 percent.

“The world and, in particular, our industry have moved forward over the last two years, so we are emphasizing certain aspects of our strategy and integrating new ideas to take account of this," said Obermann.

"We need to fight for each and every customer in our core business. Processes need to be streamlined so that DT remains competitive."

DT estimates it will generate €29 billion from the mobile internet, the Connected Home, Internet services for consumers, external revenue of T-Systems and intelligent networks “in the years ahead”.

This is double the amount it made from these areas in 2009.

Obermann added that new, innovative services would be accorded the time they need for their development. 

More News

Broadband, TV growth not enough to offset Q3 revenue decline at BT Broadband, TV growth not enough to offset Q3 revenue decline at BT Revenues were down at BT in the three months to September, despite continued growth in the operator’s consumer broadband and TV business. More detail
Ericsson Sparks OSS/BSS push, forms partnership with TIBCO Ericsson Sparks OSS/BSS push, forms partnership with TIBCO Ericsson has revealed that New Zealand’s leading operator has deployed its OSS/BSS software and that it has signed a global partnership with TIBCO.   More detail
Alcatel-Lucent announces big wins in China, the US and Nigeria Alcatel-Lucent announces big wins in China, the US and Nigeria Alcatel-Lucent has won contracts with the three biggest service providers in China, CenturyLink in the US and MTN Nigeria. More detail
Telenor gets high on best-ever quarterly revenues, EBITDA Telenor gets high on best-ever quarterly revenues, EBITDA Revenues and EBITDA hit an all-time high at Telenor after the operator added 3.4 million new subscribers in the third quarter.  More detail
T-Systems signs up FireEye for enterprise-focused managed security service T-Systems signs up FireEye for enterprise-focused managed security service Deutsche Telekom’s enterprise arm has partnered with security firm FireEye as it looks to offer its customers protection from cyber attacks. More detail