Deutsche Telekom's Sales Slip Further

Deutsche Telekom said that its net revenue in the second quarter fell 1.8% year-on-year to 15.53 billion euros on an organic basis, excluding the impact of currency movements and the contribution of T-Mobile UK, which has been spun off into a joint venture with Orange UK.

In its home market of Germany, Deutsche Telekom said its revenues fell 0.4% year-on-year to 6.2 billion euros, while revenue elsewhere in Europe decreased 3.6% to 4.03 billion euros in the second quarter. In the US, service revenues fell 1.1% to 4.61 billion US dollars. source: Deutsche Telekom presentation