German telecoms giant Deutsche Telekom (DT) has reported net revenue of EUR17.099 billion (USD18.67 billion) for the three months ended 30 September 2015, an increase of 9.3% from EUR15.648 billion in the year-ago quarter, helped by the telco’s US subsidiary and the dollar’s strength against the euro. EBITDA rose 14.3% year-on-year to EUR4.581 billion in Q3 2015 and adjusted EBITDA climbed 12.9% to EUR5.165 billion. The Bonn-based telco said that adjusted net profit jumped 30.0% from EUR800 million in the third quarter of 2014 to EUR1.040 billion twelve months later, while unadjusted net profit soared 59.9% year-on-year to EUR809 million. DT has confirmed its guidance for the full year: adjusted EBITDA is expected to amount to around EUR18.3 billion, while free cash flow is forecast at EUR4.3 billion.
In its home market, DT reported revenue of EUR5.593 billion for the third quarter of 2015, a slight increase of 0.1% year-on-year, while adjusted EBITDA fell 2.4% to EUR2.269 billion. Adjusted EBITDA for the European segment dropped 3.0% to EUR1.148 billion, while total revenue declined 3.6% to EUR3.198 billion. Elsewhere, T-Mobile US reported a 27.1% year-on-year jump in 3Q15 revenue to EUR7.059 billion, and adjusted EBITDA climbed 67.9% from EUR1.014 billion in the third quarter of 2014 to EUR1.702 billion twelve months later.
At 30 September 2015 DT’s German wireless subscriber base stood at 39.892 million (an increase of 0.6% from 39.653 million a year earlier), while fixed broadband connections rose 2.1% year-on-year to 12.596 million (of which 2.613 million were fibre lines [VDSL, vectoring and FTTH]) and pay-TV accesses climbed 10.7% to 2.632 million. The firm noted that its LTE network now covers 87% of the German population, compared to 79% in the third quarter of 2014. Internationally, the group’s US subsidiary ended Q3 2015 with 61.220 million mobile subscribers, a jump of 15.7% against the same date a year earlier, as the number of branded post-paid customers rose 17.3% to 30.403 million. As a result, T-Mobile US has revised its forecast for customer acquisition upwards for the third time this year, with 3.8 million to 4.2 million net branded post-paid additions now expected in FY 2015. Across its European (excluding Germany) operations, DT’s mobile customers numbered 55.699 million at 30 September 2015, down 0.7% from 56.087 million twelve months earlier, while retail broadband lines rose 4.8% to 5.114 million and pay-TV customers increased 4.4% year-on-year to 3.832 million at the end of 3Q15.