Deutsche Telekom core profit, revenue beat estimates -Breaking
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STOCKHOLM/BERLIN – Deutsche Telekom reported a quarter-quarter core profit and revenue higher than market estimates Thursday. The company’s U.S. division, T-Mobile, along with its European expansion, was credited for the increase.
The adjusted earnings before interest tax, deduction, amortisation and amortization after leases stood at 9.3 billion euro ($10.1 billion), surpassing consensus estimates of 8.83 trillion euros, according to a survey of analysts.
Fourth quarter revenue for the telecom operator rose by 4.7%, to 28.9 Billion Euros. This is just below consensus estimates of 28.76 Billion euros.
T-Mobile accounts for 3/5ths of the group’s revenue and has seen a rise in subscribers since its merger with Sprint. It is also rolling out 5G.
T-Mobile has added 1.8million customers to its customer base who have paid their monthly bills in the last quarter. This brings it up to 109.3 million subscribers. Deutsche Telekom reports 53.2 million German customers and 45.8 millions in Europe.
($1 = 0.8902 euros)
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