Deutsche Telekom reports net loss on US writedown

Thursday 8 November 2012 | 08:46 CET | News
Deutsche Telekom has recorded a net loss of EUR 6.90 billion for the third quarter due to an impairment charge on T-Mobile USA ahead of its proposed merger with MetroPCS. Excluding the one-time charge, net profit fell 28.3 percent from a year earlier to EUR 0.9 billion, which the company also blamed on one-time effects from the proposed merger with AT&T last year. The German operator's revenues were down 0.1 percent year-on-year to EUR 14.65 billion, led by a 1.7 percent drop in Germany. Adjusted EBITDA fell 2.6 percent to EUR 4.78 billion, and the margin dropped to 32.6 percent from 33.4 a

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Categories: General
Companies: Deutsche Telekom / MetroPCS / T-Mobile / T-Mobile USA
Countries: Europe / Germany / United States
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