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Published on: 3/6/2002
Last Visited: 11/17/2002
But shareholders want to see asset sales: "They have to sell some parts of T-Systems, close a couple of things down, sell another piece of T-Online and write down Voicestream," said Frank Heise, a fund manager at Union Investment whose portfolio includes Deutsche Telekom stock.
To save money, Deutsche Telekom said it will not pay shareholders a dividend this year.
Despite the huge losses, Deutsche Telekom's share price rose as the financial results were "bang in line" with analysts' forecasts, according to one trader in Frankfurt.
The stock was 4.27% higher by mid-afternoon in Frankfurt, at 11.71 euros.