German telecoms group Deutsche Telekom (DT) has reported net revenue of EUR26.88 billion (USD30.8 billion) for the three months ended 30 September 2021, an increase of 1.8% from EUR26.39 billion in the year-ago quarter. In organic terms (adjusted for changes in the composition of the group and exchange rate effects), revenue grew by 2.1% year-on-year. Adjusted group EBITDA totalled EUR11.14 billion in Q3 2021, up 0.3% from EUR11.10 billion in the third quarter of 2020. The Bonn-based telco said that reported net profit (including special factors) rose from EUR814 million to EUR889 billion, while adjusted net profit dropped 13.0% y-o-y to EUR1.31 billion in 3Q21. ‘Our businesses are performing even better than expected,’ said CEO Tim Hottges, adding: ‘Following strong figures in the first nine months, we are setting the bar for 2021 a little higher.’ DT now expects to report adjusted EBITDA AL of around EUR38 billion, up from the previous guidance of at least EUR37.2 billion.
In its domestic market, DT generated total revenue of EUR5.93 billion in the third quarter of 2021, up by 2.5% compared to the year-ago period, while adjusted EBITDA grew 3.9% to EUR2.46 billion. The firm’s German mobile subscriptions reached 52.18 million at 30 September 2021 (an increase of 9.7% y-o-y), of which 22.91 million were post-paid. Domestic fixed broadband lines grew 2.8% y-o-y to 14.39 million (of which 10.18 million were fibre-based – VDSL, vectoring and fibre-to-the-home [FTTH] – lines, up by 10.0%) and pay-TV accesses rose 4.7% to 3.97 million.
T-Mobile US ended September 2021 with 106.92 million mobile subscriptions, a rise of 6.5% from 100.36 million a year earlier, and the number of post-paid subscriptions rose 7.8% y-o-y to 85.91 million. Revenue grew by 1.4% to EUR16.81 billion although adjusted EBITDA declined 3.7% y-o-y to EUR5.99 billion. Mobile subscriptions across DT’s European operations rose by 1.4% to 46.39 million, and retail broadband lines and TV customers grew by 3.8% to 7.11 million and 3.1% to 5.13 million, respectively. Revenue in the Europe segment rose by 0.9% y-o-y to EUR2.91 billion in Q3 2021, and adjusted EBITDA rose by 3.9% to EUR1.11 billion, thanks to an increase in travel activity which resulted in a recovery in roaming revenues.