Deutsche Telekom Warns on Profits

Hit by the economic slowdown in the U.K. and the U.S. and adverse currency movements, Deutsche Telekom warned that its EBITDA will be between 2% and 4% lower in 2009 than the 19.5 billion euros it generated in 2008, stripping out the impact of the acquisition of OTE of Greece.

In the first quarter of 2009, Deutsche Telekom increased revenue by around 6 percent to approximately 15.9 billion euros. Without OTE, Deutsche Telekom's revenue would have been stable at 15 billion euros, with adjusted EBITDA dropping by 5% to 4.5 billion euros. source: Deutsche Telekom statement