Tale of Two Markets for Deutsche Telekom

Deutsche Telekom reported a 0.9% year-on-year decline in its revenues in Germany to 5.44 billion euros in the third quarter, offset by a 8% rise in revenues at T-Mobile USA to 10.7 billion dollars. In the rest of Europe, revenues rose 2.2% on an organic basis to 3.05 billion euros. In Germany, mobile services revenues declined 9% (see above), while another large increase in postpaid mobile customers drove growth in the U.S. (see below). Source: Deutsche Telekom documents