The Bonn-based German telecommunications company jumped 12 spots on the Global 500 this year. It is one of the largest telecoms in the world, reporting nearly $76.8 billion in revenue in 2015. The company is currently looking to sell thousands of its German cell phone towers in what could be a $5.5 billion deal, as it plans to free up funds to invest in its European networks. Additionally, Deutsche Telekom appears to be expanding its scope and moving into the automotive industry. The company recently announced that it is working with several car companies, including Toyota and Audi, on LTE-V technology, which is the application of LTE in the development of autonomous vehicles.
News about Deutsche Telekom
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