Thursday, May 10, 2012
Deutsche Telekom Continues to Contract
Deutsche Telekom said that its group revenue fell 1.7% year-on-year on an organic basis in the first quarter of 2012 to 14.4 billion euros. Revenue declined 2.3% in Germany, 0.7% in the rest of its European operations and 2.3% in the U.S.. Its systems solutions business increased external revenues by 0.6% to 1.63 billion euros.
A rise in mobile data revenues failed to offset a fall in voice and SMS revenues in Germany. But Deutsche Telekom's Entertain television service added 173,000 customers in the quarter taking the total to 1.725 million. The Bonn-based telco also said that it increased LTE coverage in Germany to 25% of the population - an increase of 11 percentage points during the quarter. source: Deutsche Telekom presentation
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