Stripping out the impact of the acquisition of OTE and currency movements, Deutsche Telekom's revenues declined 2.2 billion euros (almost 4%) in 2009, as the group grappled with the economic slowdown, new regulatory measures and intense competition. Total revenues in 2009 (including OTE's contribution) were 64.6 billion euros. In the fourth quarter, DT's revenues fell almost 3% year-on-year in Germany, more than 5% in the US (in US dollars) and 10% in the UK (in British pounds), where it is preparing to enter into a joint venture with Orange UK.
In 2010, Deutsche Telekom plans to increase capital expenditure slightly to about 9.1 billion euros, excluding any investments in spectrum, with a significant increase planned in Germany, where it hopes to safeguard its competitiveness and future viability. DT also said it doesn't expect to do any major M&A deals in 2010. source: Deutsche Telekom report
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