German prosecutors have dropped an investigation of Deutsche Telekom’s CEO Rene Obermann due to lack of evidence over alleged bribery in Eastern Europe.
The investigation against Obermann was initiated last September on suspicions that he approved the…
German prosecutors have dropped an investigation of Deutsche Telekom’s CEO Rene Obermann due to lack of evidence over alleged bribery in Eastern Europe.
The investigation against Obermann was initiated last September on suspicions that he approved the payment of dividends to Macedonian telco MakTel in 2005 on the condition that Macedonia would remain closed to other competitors.
MakTel is majority owned by Magyar Telekom, the Hungarian unit of Deutsche Telekom.
Along with Obermann, who has always rejected these allegations, two other suspects have also been cleared, according to the reports. But the investigation is reportedly still underway against five other current or former DT employees.
Separately, Obermann has recently seen his contract as chairman extended by five years to 31 October 2016.
He had been due to step down at the end of October next year, but will stay on to help implement the incumbent’s high-speed networks strategy, which was announced last May and is expected to last until 2015.
