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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, August 4, 2011

Deutsche Telekom Sees Sales Slide

Deutsche Telekom, Germany's largest telco, said that its net revenue from continuing operations (therefore, excluding its U.S. unit and U.K. joint venture) fell 3.3% year-on-year to 10.97 billion euros in the second quarter of 2011. Revenue fell 3.4% in Germany and 5.5% in the rest of Europe, but its Systems Solutions unit lifted revenues 1.5% to 2.28 billion euros.

The company blamed the decline on falling revenue from voice telephony services, partly as a result of regulation, in Germany and price erosion in its other European operations, which include units in Greece, Romania, the Netherlands and Austria. source: Deutsche Telekom statement

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