D Telekom says 'cautious' path vindicated

Deutsche Telekom on Thursday said its performance next year would at least match its profit target for the current year and that its business could hold up to the pressures of the global economic slowdown.Chief executive René Obermann said the German operator s position had been strengthened by its disciplined strategy of the past few years, during which it avoided investing in developing markets in Asia and Africa. It only made modest fill-in acquisitions in its existing mobile phone markets in the US and Europe and not in what it perceived as riskier regions.