HP not in talks with T-Systems

20 December 2006 — Frankfurt (GER): The head of Hewlett-Packard’s (HP) German division, Uli Holdenried, has said that the company is not in talks to buy parts of T-Systems, the business services unit of Deutsche Telekom.

Holdenried said: "We are not in any talks of this nature with T-Systems." He also said that the company was looking for acquisitions in Germany. He added: "We are considering smaller acquisitions in the field of services and software."

 

Deutsche Telekom is considering to sell T-Systems to streamline the business.