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DT ‘heading in right direction’ as Q2 revenue jumps 15%

6 Aug 2015

German telecoms giant Deutsche Telekom (DT) has reported net revenue of EUR17.428 billion (USD18.9 billion) for the second quarter of 2015, an increase of 15.3% from EUR15.114 billion in the year-ago period, thanks to a 41.2% year-on-year rise in US turnover to EUR7.443 billion. Adjusted for changes in the composition of the group and exchange rate fluctuations, revenue increased by 5.7%. Group adjusted EBITDA totalled EUR5.026 billion in the three months ended 30 June 2015, up 13.5% from EUR4.429 billion in 2Q14. The Bonn-based company said that reported net profit (before adjustment for special factors) was stable at EUR712 million, while adjusted net profit jumped by 69.5% from EUR636 million in the second quarter of 2014 to EUR1.078 billion twelve months later, due to higher adjusted EBITDA. ‘We have emphatically confirmed the strong figures from the first quarter,’ said DT’s CEO Tim Hoettges, adding: ‘The transformation of the group is continuing at full speed in all areas. We are heading in the right direction.’

DT’s domestic operating segment generated revenue of EUR5.580 billion in the second quarter of 2015, a rise of 2.1% year-on-year, while adjusted EBITDA fell 1.4% to EUR2.224 billion, attributed to higher personnel costs relating to the firm’s accelerated network rollout and IP migration. At 30 June 2015 the firm’s German wireless subscriber base stood at 39.465 million (an increase of 0.3% from 39.337 million a year earlier), while retail fixed broadband connections grew 1.3% year-on-year to 12.518 million (of which 2.365 million were fibre-based – VDSL, vectoring and FTTH – lines, up by 58.3%) and pay-TV accesses climbed 11.2% to 2.578 million. Internationally, T-Mobile US ended the second quarter of 2015 with 58.908 million mobile subscribers, an increase of 16.5% from 50.545 million a year earlier, as the number of branded post-paid customers jumped 19.5% year-on-year to 29.318 million.

Germany, Deutsche Telekom (DT), T-Mobile US, Telekom Deutschland

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