IBM abandons T-Systems computing venture

Stefan Mileschin · 10th June 2019, 08:01

Anti-trust issues

IBM has withdrawn an application for antitrust approval for a mainframe computing venture with T-Systems, the IT services arm of Deutsche Telekom, after the German cartel office took a closer look at the transaction.

Pulling the deal marks a setback for T-Systems CEO Adel Al-Saleh, who since being hired at he start of 2018 has reduced staff, closed offices and sought to hive off business lines that are not expected to generate profitable growth.

In DT's results for Q1 2019, T-Systems showed flat revenues of €6.9 billion, blaming continued declines in its traditional IT business as well as investments in growth areas and shifting to an IP network.

Cartel Office chief Andreas Mundt in a statement on Friday that IBM held a dominant position here in the European Economic Area which would have been further strengthened by acquiring personnel and essential infrastructure from its competitor, T-Systems.

https://fudzilla.com/news/48838-ibm-...puting-venture

10th June 2019, 08:01	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	IBM abandons T-Systems computing venture Anti-trust issues IBM has withdrawn an application for antitrust approval for a mainframe computing venture with T-Systems, the IT services arm of Deutsche Telekom, after the German cartel office took a closer look at the transaction. Pulling the deal marks a setback for T-Systems CEO Adel Al-Saleh, who since being hired at he start of 2018 has reduced staff, closed offices and sought to hive off business lines that are not expected to generate profitable growth. In DT's results for Q1 2019, T-Systems showed flat revenues of €6.9 billion, blaming continued declines in its traditional IT business as well as investments in growth areas and shifting to an IP network. Cartel Office chief Andreas Mundt in a statement on Friday that IBM held a dominant position here in the European Economic Area which would have been further strengthened by acquiring personnel and essential infrastructure from its competitor, T-Systems. https://fudzilla.com/news/48838-ibm-...puting-venture

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Samsung abandons plastic	Stefan Mileschin	WebNews	0	28th January 2019 15:27
GlobalFoundries abandons 7nm	Stefan Mileschin	WebNews	0	29th August 2018 09:42
Amazon abandons the Oracle	Stefan Mileschin	WebNews	0	5th August 2018 20:31
Intel abandons its PC model	Stefan Mileschin	WebNews	0	27th April 2018 15:45
Google abandons Pixel C	Stefan Mileschin	WebNews	0	29th December 2017 15:26
Woz abandons Tesla for Chevy	Stefan Mileschin	WebNews	0	13th September 2016 08:58
Transcend Introduces 1TB M.2 Solid State Drive for Ultra-thin Computing Systems	Stefan Mileschin	WebNews	0	28th February 2016 16:21
Dell abandons Android	Stefan Mileschin	WebNews	0	18th December 2012 07:28
Atlantis Computing Improves the RAM Disk for the Cloud Computing Generation	Stefan Mileschin	WebNews	0	21st June 2012 10:15
XFX Abandons GeForce GTX 400 Series	jmke	WebNews	0	30th March 2010 13:57