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His successor, Mr. Sommer, was recruited from Sony to sell Telekom stock to the German public.
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A few years ago, 30% of the state-owned telecoms company was sold to Telekom Malaysia, and a second company, part-owned by Western Wireless of America, was licensed to operate alongside it.
"More important than the money generated from selling Turk Telekom, investor confidence will be positively affected," Oner Ayan, manager of the Turkey desk at Raymond James & Associates in New York, said in an interview via e-mail.
After the failure to sell part of Turk Telekom last year, the I.M.F.
If the transaction goes through, expect Deutsche Telekom to sell those shares to the public over time.
This set-up will allow Deutsche Telekom to sell shares without relinquishing control.The big loser from all this is likely to be Sprint.
Telekom will sell as many as 100 million shares in T-Online; this would be less than 10percentt of the total.
Under pressure from the International Monetary Fund, the government agreed last month to sell 33.5percentt of Turk Telekom and provide management rights to the buyer after an offer last year to sell 20percentt failed to attract any bids.
Analysts say Mr. Ricke's ascension makes it less likely that Telekom will sell its United States wireless unit, VoiceStream, which contributed to the company's debt of more than $64 billion.
Petra Kappl (NYT) Correction: September 6 , 2001 Thursday A report in the World Business Briefing column yesterday about an agreement by Deutsche Telekom to sell its remaining cable television systems to the Liberty Media Corporation misstated the value of the deal in dollars.
One provision of the Global One deal calls for France Telecom and Deutsche Telekom to sell their respective 10percentt stakes in Sprint to MCI WorldCom; they acquired those stakes when the three companies formed Global One in 1996.
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