April 23, 2018 / 1:34 PM / 5 months ago

Deutsche Telekom unit T-Systems to return to profit in 2020 - CEO

HANOVER, Germany, April 23 (Reuters) - Deutsche Telekom unit T-Systems should return to profitability in 2020 as the company undergoes a digital makeover, new Chief Executive Adel Al-Saleh said on Monday at the Hannover Trade Fair.

American Al-Saleh, who took over the loss-making IT services company in January, also said at a presentation that SAP had certified the Open Telekom Cloud for its suite of business software, offering an alternative to hyperscale services such as AWS, Microsoft Azure or Google. (Reporting by Nadine Schimroszik Writing by Douglas Busvine Editing by Arno Schuetze)

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