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Technology / AI and automation

DEUTSCHE TELEKOM ESTABLISHES $57M VENTURE CAPITAL FUND

German telecoms operator Deutsche Telekom AG has established a $57m technology venture capital fund, to be managed by a new subsidiary called T-Telematic Venture Holding GmbH. T-Telematic will operate as an independent investment company specialising in European information technology and telecoms start ups. Deutsche has decided to invest 60m Deutsche marks in companies directly and the remainder in other technology venture capital companies.

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CBR Staff Writer

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