Deutsche Telekom forecast that its revenues will grow between 1% and 2% in 2017, following a rise of 5.6% in 2016 and a 9.4% increase in the fourth quarter of 2016. Although revenue in Germany declined in the fourth quarter by 0.5% to 5.6 billion euros, revenue in the US leapt almost 24% to 10.2 billion US dollars.
The group forecast it will spend 12 billion euros on capex, excluding spectrum, in 2017 compared with 11 billion euros in 2016. It said: "The ongoing increase of customer numbers in the United States and improving results in the German home market continue to be the main driver of revenue and earnings." Source: Deutsche Telekom presentation
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