Deutsche Telekom Q4 revenue rises 0.6%

www.WirelessFederation.com/news: 0.6 percent increase in the Q4 revenue has been reported by Deutsche Telekom reaching EUR 16.20 billion. The rise has been attributed to the takeover of OTE which helped offset a slide in revenues in its home market Germany.

However, revenues in Germany were down 3.1 percent to EUR 6.40 billion. Due to negative currency effects and competitive pressures US sales declined 15.7 percent to EUR 3.66 billion and the weak results in the UK and Poland led to the revenues from Europe fall 11.5 percent to EUR 2.47 billion.

Group EBITDA improved 8.6 percent to EUR 5.07 billion and the lower impairment charges narrowed the net loss to EUR 3 million from EUR 730 million. According to DT, its save for Service cost-cutting programme has generated savings of EUR 5.9 billion, and will contribute another EUR 4.2 billion in cost reductions by 2012.