Thursday, February 23, 2012
Deutsche Telekom Tries Repositioning
Deutsche Telekom said that its organic revenue dropped 3.1% year-on-year in the fourth quarter of 2011 to 14.91 billion euros. Revenues fell 10% in Hungary, 7% in Greece and 6.1% in Germany, where fixed line revenue was down 7.8%.
The company said: "Continued intense competition in many markets, a difficult economic environment in several countries, and burdensome regulatory decisions had an ongoing negative influence on the business of telecommunications companies and, therefore, also on Deutsche Telekom's business."
T-Mobile USA's revenues fell 4.4% year-on-year to 4.41 billion US dollars, as rivals' launch of the iPhone 4S meant a net loss of 802,000 contract customers. As it seeks to reposition T-Mobile USA as "making amazing 4G services affordable", DT plans to spend 1.4 billion dollars in incremental capex to launch LTE services in the US in 2013. In Germany, Deutsche Telekom said that its LTE network now covers 14% of the population. source: Deutsche Telekom presentation
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