Slovak Telekom

Bratislava ; German: Pressburg formerly Preßburg, Hungarian: Pozsony is the capital of Slovakia and, with a population of about 460,000, also the country's largest city. Bratislava is in southwestern Slovakia on both banks of the Danube River. Bordering Austria and Hungary, it is the only... national capital that borders two independent countries. Bratislava is the political, cultural, and economic centre of Slovakia. It is the seat of the Slovak president, the parliament, and the Slovak Executive. It is home to several universities, museums, theatres, galleries and other important cultural and educational institutions. Many of Slovakia's large businesses and financial institutions also have headquarters there. The history of the city, long known in English by the German name Preßburg, has been strongly influenced by people of different nations and religions, namely by Austrians, Czechs, Germans, Hungarians, Slovaks, and Jews. The city was the capital of the Kingdom of Hungary, a part of the larger Habsburg Monarchy territories, from 1536 to 1783 and has been home to many Slovak, Hungarian, and German historical figures.
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Deutsche Telekom AG is a German telecommunications company headquartered in Bonn, North Rhine-Westphalia, Germany. It is the largest telecommunications company in Europe. Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized. As of June 2008, the German government still holds a 15% stake in company stock directly, and another 17% through the government bank KfW. The former CEO Kai-Uwe Ricke... was ousted by the board of the company because of slumping sales and the flight of customers to cheaper competitors. More than 1.5 million customers changed to rival companies during 2005 and 2006 and as a result, Deutsche Telekom laid off more than 30,000 workers. The new CEO was announced on November 12, 2006 after a long-night board session: René Obermann, the former CEO of T-Mobile International. The predecessor of Ricke, Ron Sommer, chairman of Deutsche Telekom between 1995 and 2002, was ousted because of the drop in the share price of the company in 2002. At the height of the dot-com bubble, the share was valued at over €100 but fell significantly to about €12/share during a couple of months.
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