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Deutsche Telekom buys GTS Central Europe for 546 million euros

2013-11-10 20:18:21| Telecom - Topix.net

Deutsche Telekom said it is acquiring GTS from a consortium of international private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners.

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Deutsche Telekom sees $793 million profit in third quarter, adds customers in US

2013-11-07 13:06:10| Telecom - Topix.net

Telephone company Deutsche Telekom says it made a net profit of 588 million euros in the third quarter as it added customers at T-Mobile USA.

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Deutsche Telekom sees $793 million profit in third quarter, adds customers in US

2013-11-07 10:33:43| Wireless - Topix.net

Telephone company Deutsche Telekom says it made a net profit of 588 million euros in the third quarter as it added customers at T-Mobile USA.

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Deutsche Telekom Q3 results improve on growth in the US

2013-11-07 09:07:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom reported improved results for the third quarter, helped by the turnaround at its US operations. Revenues were up 6.0 percent year-on-year to EUR 15.5 billion, as 30.5 percent growth in the US offset a 6.0 percent slide in Europe and 1.2 percent lower revenues in Germany. On a pro forma basis for the takeover of MetroPCS in the US, group revenues were still up 2.4 percent. Adjusted EBITDA declined 2.6 percent to EUR 4.7 billion on extra costs for customer growth, but the drop slowed considerably from the 5.2 percent reported in the first half of the year. The net result improved to a profit of USD 588 million from a loss of USD 7.02 billion a year earlier. Cash capex in the first nine months of the year increased by 26.8 percent to EUR 7.6 billion, due to spending on spectrum licences and the LTE roll-out in the US. As a result, free cash flow fell 30.4 percent to EUR 3.57 billlion. Deutsche Telekom still maintained its guidance for the full year 2013, for adjusted EBITDA of around EUR 17.5 billion and free cash flow of EUR 4.5 billion.

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Deutsche Telekom Internet speed plans rejected by court

2013-10-30 01:00:00| Total Telecom industry news

German court rules in favour of consumer group over telco's plan to cap broadband speeds.

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