Deutsche Telekom AG (DTE): Can Germany Stave Off Europe’s Economic Crunch?

Capitalizing on CrossFit’s success will be vital for Adidas if it wants to catch up with rivals such as Nike . Nike has beaten Adidas by growing revenue despite slowing sales in China and even managing to grow brand sales in Europe last quarter. Continued economic recovery in the U.S. should help both firms, but unless China and Europe can turn things around, Adidas may not have enough firepower to close the gap with its American rival.

Deutsche Telekom AG (FRA:DTE) has also been looking to expand geographically in order to cement growth. Germany’s top telecommunications firm is reportedly looking to purchase competition in Eastern Europe. According to The Wall Street Journal, it seeks to acquire GTS Central Europe, a Warsaw-based network provider, for more than $775 million. Deutsche Telekom AG (FRA:DTE) has targeted Eastern and Central Europe as a major focus despite the region’s economic sluggishness, and acquiring GTS is a way to pick up a data network in the region as Eastern Europe develops.

The article Can Germany Stave Off Europe’s Economic Crunch? originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Nike. The Motley Fool owns shares of Nike.

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