Deutsche Telekom posted a net loss of EUR 24.6 billion in 2002, which is the biggest in German corporate history, Reuters reported. EBITDA for the company, the largest telecom operator in Europe, in the fourth quarter rose 14.6 percent to EUR 4.4 billion. The company said its mobile division T-Mobile International drove EBITDA growth, posting a 24.4 percent rise to EUR 1.2 billion in quarterly core earnings. Deutsche Telekom cut its debt pile to EUR 61.1 billion in the past quarter. In the fourth quarter the company posted net loss of only EUR 0.1 billion, down from EUR 2.5 billion a year ago. Its fixed-line business T-Com, which churns out the cash to help fund the other, loss-making but growing divisions, boosted fourth quarter EBITDA to EUR 2.6 billion.
