Deutsche Telekom sees lower performance in latest quarter

Deutsche Telekom -- the German telecom juggernaut -- witnessed lower performance in its most recent quarter as it saw a big cut in profit and forecast more competition.

European competitor Vodafone Group is not making things easy for DT, as it relentlessly cuts prices and forces DT to do the same. T-Mobile USA -- DT's fastest-growing unit -- has also not lived up to forecasts because of the dollar's slide against the euro in 2006.