Deutsche Telekom said last week that its revenue, stripping out the impact of the acquisition of OTE and currency movements, fell 3% year-on-year in the second quarter of 2009. As the economic slowdown and regulation dragged down revenues across its European operations and in the U.S., the group generated 16.2 billion euros in sales in the quarter.
Service revenues in the U.S., once the growth engine of the group, declined almost 2% to 4.65 billion US dollars in the second quarter as American customers chose cheaper tariff plans. Seeking to improve its 3G coverage in the U.S., Deutsche Telekom lifted group capital spending 20% year-on-year to 2.21 billion euros for the quarter. source: Deutsche Telekom presentation
Post a Comment