Thursday, May 8, 2014
U.S. Rejuvenates Deutsche Telekom
Deutsche Telekom said its revenues rose 4.2% on an organic basis in the first quarter of 2014 to 14.89 billion euros. In its home market, Germany, revenues fell 1.5%, dragged down by a 3% decline in fixed revenues. But in the U.S., organic revenues rose 16% as T-Mobile US added 2.39 million customers in the first quarter.
The Bonn-based company said: "T-Mobile US has once again caused a sensation on the U.S. mobile market with a new initiative. Since January, as part of the Un-carrier phase 4.0, the company has been reimbursing new customers’ early termination fees charged by previous providers. This contributed to further very strong customer growth."
"Our success story in the United States continues. The decision to invest boldly in this market was right on the mark," added Tim Höttges, CEO of Deutsche Telekom. "We are once again delivering figures in the first quarter that confirm we are on the right track to achieving our leadership ambition in Europe's telecommunications industry."
However, in the group's European operations (other than Germany), revenue was down 2.6% on an organic basis, while T-Systems' revenue fell 4.1% on an organic basis. source: Deutsche Telekom statement
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