Top Line Ticks Upwards for Deutsche Telekom

Deutsche Telekom reported a  1.7% year-on-year increase in revenue in organic terms for the third quarter to 20 billion euros. The growth was again fuelled by the U.S. division, which lifted revenues by 3.6% in dollar terms. In Germany, revenues rose 0.6% driven primarily by growth in mobile services and rising demand for fast fixed-line broadband.  The group also said its smart home subscriptions rose 25% to 411,000, while subs for its StreamOn proposition (its zero-rated video streaming package for mobile users) climbed 79% to 2.8 million and Magenta TV subs rose 8% to 3.5 million.  Source: DT presentation