Deutsche Telekom is set to intensify its cost-cutting efforts as it aims to revive its German fixed line telephone business.

Deutsche Telekom is set to intensify its cost-cutting efforts as it aims to revive its German fixed line telephone business. The company is looking to save Euro 4.7 billion from its existing costcutting programme. There is also a possibility of further cost cutting, partly through the planned modernisation of the company’s fixed line infrastructure. Meanwhile, denying media reports, the company has stated that it has no plans to make a bid for Sprint Nextel, the struggling US mobile operator.