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Deutsche Telekom Q2 results up on Sprint takeover, underlying revenue down 0.6%

Published Thursday 13 Aug 2020 | 08:29 CET
Deutsche Telekom reported a surge in second-quarter results following its takeover of US operator Sprint. Revenues rose 37.5 percent to EUR 27.0 billion, and adjusted EBITDA AL jumped 56.4 percent to EUR 9.8 billion. Adjusted for the takeover and currency effects, revenues were down 0.6 percent, and EBITDA increased 8.4 percent. ...

Deutsche Telekom Q2 results up on Sprint takeover, underlying revenue down 0.6%

Published Thursday 13 Aug 2020 | 08:29 CET Deutsche Telekom reported a surge in second-quarter results following its takeover of US operator Sprint. Revenues rose 37.5 percent to EUR 27.0 billion, and adjusted EBITDA AL jumped 56.4 percent to EUR 9.8 billion. Adjusted for the takeover and currency effects, revenues were down 0.6 percent, and EBITDA increased 8.4 percent. ...

Top Stories

Apple plans bundled service packages alongside new iPhone in October - report

News | 13 Aug 2020 15:43 CET | World
Apple is reportedly planning to sell its services such as TV and music at reduced cost as part of bundles organized into several ...

US pay-TV sector sheds 1.57 mln net subscribers in Q2 but losses slow vs Q1

News | 13 Aug 2020 13:29 CET | United States
The largest pay-TV providers in the US lost around 1.57 million net subscribers in the second quarter of 2020, narrowing from an ...

ByteDance in talks with Reliance to keep TikTok afloat in India - report

News | 13 Aug 2020 12:52 CET | India
China-based ByteDance is early discussions with Reliance Industries for backing its TikTok business in India, writes TechCrunch. ...

Israeli mobile operators acquire 5G spectrum in tender

News | 13 Aug 2020 13:03 CET | Israel
Israel has completed a tender of 5G spectrum, with all three network operators receiving the same amount of spectrum....

RTL revenues fall over 28% in Q2, sees ad market decline slowing in Q3

News | 13 Aug 2020 11:24 CET | Europe
European broadcaster RTL Group reported a sharp fall in second-quarter revenues, hurt by the slowdown in the advertising market ...

Swisscom trims FY revenue outlook as Q2 sales fall 3%

News | 13 Aug 2020 11:05 CET | Switzerland
Swisscom said its net revenues decreased by 3.3 percent in Q2 to CHF 2.02 billion. The Covid-19 pandemic led to a reduction in ...

Telenet, DPG Media to start Streamz joint venture in September

News | 13 Aug 2020 10:25 CET | Belgium
Belgian broadcasters DPG Media and Telenet, owners of respectively the VTM and SBS channels, announced the launch of their new ...

3 Denmark splits off infrastructure as new firm, plans to offer services to other operators

News | 13 Aug 2020 09:26 CET | Denmark
Mobile operator 3 Denmark has announced that it will split off its infrastructure into a new sister company called HI3G Networks. ...

Lenovo results recover in Q1 as home working boom drives computer demand

News | 13 Aug 2020 08:56 CET | World
Lenovo reported a strong recovery in results for its fiscal first quarter. After overcoming the supply chain problems earlier in ...

Cisco quarterly revenues fall 9%, sees continued drop in October quarter

News | 13 Aug 2020 08:15 CET | World
Cisco reported a slightly bigger drop in revenues in its fiscal fourth quarter to July, down 9 percent to USD 12.2 billion ...

Telstra puts job reductions on hold until February 2021

News | 13 Aug 2020 19:28 CET | Australia
Australian operator Telstra has announced plans to extend the hold on job reductions for its permanent employees in Australia and ...

Australia activates more than 383,000 NBN connections in June quarter

News | 13 Aug 2020 18:45 CET | Australia
More than 7.4 million Australian customers are now connected to the National Broadband Network after the activation of 383,257 ...

Semtech deploys LoRa-based network for South Korean Expressway

News | 13 Aug 2020 16:15 CET | Korea, Republic of
Semtech announced that Korea Expressway Corporation (KEC), a government affiliated company building and managing expressways in ...

Verizon Business to create global network infrastructure for Bayer

News | 13 Aug 2020 16:13 CET | Germany
Verizon Business was chosen by Bayer to build a next-generation global network infrastructure to underpin the company's global ...

Rogers for Business collaborates with Roambee to provide real-time asset monitoring

News | 13 Aug 2020 16:07 CET | Canada
Rogers for Business and Roambee, an on-demand logistics visibility company, entered a strategic collaboration to provide Canadian ...

US companies tell White House WeChat ban will harm business in China - report

News | 13 Aug 2020 15:58 CET | China
Several US companies have voiced concerns to the White House that the ban on doing business with WeChat could hurt their business ...

Ceconomy plans job cuts after quarterly loss

News | 13 Aug 2020 16:16 CET | Europe
Ceconomy, the owner of retailers Media Markt and Saturn, said that its sales fell by 8.4 percent on a currency- and ...

Rostelecom to discontinue Onlime brand

News | 13 Aug 2020 16:20 CET | Russian Federation
Russian national operator Rosteelcom has started providing services under its main brand for subscribers of the ISP Onlime, ...

Megafon revenues down 8% in Q2 on coronavirus effects, EBITDA margin stable

News | 13 Aug 2020 15:58 CET | Russian Federation
Russian operator Megafon announced that its revenues totaled RUB 78.5 billion in the second quarter, down 8.3 percent ...

Samsung India introduces home demo for Galaxy consumers with 'Experience Samsung at home' service

News | 13 Aug 2020 15:37 CET | India
Samsung announced a new service 'Experience Samsung at home' to enable consumers explore and buy Galaxy devices – smartphones, ...
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