Germany’s Deutsche Telekom (DT) has reported net revenue of EUR18.37 billion (USD21.3 billion) for the three months ended 30 June 2018, a decrease of 2.8% from EUR18.89 billion in the year-ago quarter, as the US dollar was about 10% weaker year-on-year against the euro. Adjusted for exchange rate effects, net revenue rose 1.3% in organic terms. Group EBITDA totalled EUR5.56 billion in Q2 2018, down 7.2% from EUR5.99 billion twelve months previously, although adjusted EBITDA was flat at EUR5.93 billion. The Bonn-based telco said that reported net profit (including special factors) dropped 43.4% year-on-year from EUR874 million to EUR495 million, mainly due to the accounting effects of a settlement reached in the ‘Toll Collect’ arbitration proceedings, while adjusted net profit rose 3.3% to EUR1.2 billion in Q2 2018.
In its domestic market, DT generated total revenue of EUR5.32 billion in the second quarter of 2018, down by 0.9% from the year-ago period, while adjusted EBITDA grew 1.9% to EUR2.13 billion. The firm’s German mobile subscriber base reached 43.02 million at 30 June 2018 (an increase of 2.4% y-o-y), of which 24.96 million were post-paid customers. Domestic fixed broadband lines grew 3.1% y-o-y to 13.44 million (of which 6.56 million were fibre-based – VDSL, vectoring and FTTH – lines, up by 30.3%) and pay-TV accesses rose 7.1% to 3.24 million, while fixed network lines continued to slide, falling from 19.48 million at mid-2018 to 18.99 million twelve months later.
T-Mobile US continued to see rapid customer growth, recording more than one million net customer additions for the 21st consecutive quarter. The US cellco ended Q2 2018 with 75.62 million mobile subscribers, an increase of 8.7% from 69.56 million a year earlier, as the number of branded post-paid customers rose 10.9% y-o-y to 40.08 million. Revenue declined 4.5% to EUR8.82 billion, but in US dollars increased by 3.5% y-o-y to USD10.51 billion. Mobile customers across DT’s European operations increased by 4.6% to 49.89 million and retail broadband lines and TV customers grew by 5.1% to 5.67 million and 3.3% to 4.29 million, respectively. Revenue in the Europe segment grew by 1.3% to EUR2.89 billion in 2Q18 and adjusted EBITDA rose 0.6% to EUR953 million.