DEUTSCHE TELEKOM BEGINS TO LOOSE TURNOVER FOLLOWING LIBERALISATION.

On November 25, Deutsche Telekom, the world's third telecommunication operator, announced 0.5% decline in turnover during the third quarter of 1998, though the group refrained from revealing any precise figures. This is the first time the turnover of the semi-public company has fallen since the liberalisation of the German market in January. With private competitors slashing prices, the group has lost market share on long-distance and international calls. The Board has directly accused the telecoms regulator of giving its competitors an unfair advantage by pursuing an imbalanced policy. In an interim report released at the end of...