Friday, May 6, 2011
Deutsche Telekom in the Doldrums
Deutsche Telekom's revenues fell 3.5% year-on-year, on an organic basis, to 14.6 billion euros in the first quarter of 2011, as its sales declined in both Europe and the U.S. Revenue in Germany was down 3.2% to 6 billion euros as a result of declining voice telephony revenues for both mobile communications and fixed networks.
T-Mobile USA, which is set to be acquired by AT&T, saw is sales slide 2.1% in dollar terms, but service revenues actually climbed 0.4% lifted by strong growth in data revenue and moving the handset insurance business in-house.
DT increased capital spending by almost 13.2% year-on-year to 2.12 billion euros in the quarter. source: Deutsche Telekom statement
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