Thursday, November 6, 2014
Deutsche Telekom Buys Anaemic Growth
Deutsche Telekom said its revenue rose by 2% year-on-year on a like-for-like basis in the first nine months of 2014. In the third quarter, reported revenue rose by 0.8% (the company didn't provide an organic figure). In Germany, revenue fell by 1.5% to 5.59 billion euros as a result of declines in fixed-line and wholesale revenues, while revenue in the rest of Europe fell 3.6%.
In the U.S., revenues rose 8.8% to 7.36 billion US dollars, driven by stronger customer growth. However, the company's aggressive pricing led to a fall in profitability (see slide). source: Deutsche Telekom presentation
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