Thursday, February 28, 2013
Deutsche Telekom goes on the Offensive
Deutsche Telekom said its net revenue declined 2.7% on an organic basis in 2012 to 58.2 billion euros compared with a 3.6% decline in 2011. In the fourth quarter, revenues declined 1.4% in Germany and 5.2% in the U.S.. The telco group didn't give revenue guidance for 2013, but predicted it will return to growth in 2014. In Germany, DT expects to start return to underlying revenue growth in 2013.
"We are going on the offensive - with extensive investments in networks and in the market," said René Obermann, CEO of Deutsche Telekom. "As we said in December, we want to massively step up investments in the future again, to almost 30 billion euros for 2013 to 2015." source: Deutsche Telekom statements
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