BERLIN (Reuters) – Deutsche Telekom <DTEGn.DE> dismissed reports of operating problems at its IT services unit T-Systems, saying the business was on track and that it had recently extended CEO Adel Al-Saleh’s contract.
“We’re happy that we have an increasing order entry. We’re progressing on the transformation at T-Systems, to be honest,” CFO Christian Illek told analysts on a conference call. “There is nothing behind this.”
Illek declined to comment on what he called speculation regarding possible asset sales to curb an increase in Deutsche Telekom’s leverage – one factor behind its decision on Thursday to reduce its proposed dividend for 2019.
(Reporting by Douglas Busvine; Editing by Ludwig Burger)