Stripping out the impact of acquiring OTE and currency movements, Deutsche Telekom said that its revenues would have fallen 2% year-on-year in the first quarter of 2009. Measured in US dollars, revenue growth at T-Mobile USA was just 4%, down from 13.5% across the whole of 2008.
However, in T-Mobile's European operations, non-voice revenue increased by more than 40% year-on-year to 432 million euros in the first quarter, while T-Mobile USA, which is now rolling out a 3G network rapidly, saw a 31% increase in non-voice revenues to 467 million US dollars.
Excluding OTE, the Bonn-based company said that it expects its adjusted EBITDA to be down between 2% and 4% in 2009 compared with 2008. source: Deutsche Telekom report
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