News
German incumbent talks up stability at home, but its US arm is again the start performer.
Deutsche Telekom this week said its domestic business saw a stable trend during the third quarter, but its U.S. arm was once again the star performer.
The German incumbent on Thursday reported group revenue for the three months to 30 September grew 5.9% year-on-year to €18.11 billion.
Revenue in Germany edged down 0.8% to €5.55 billion, as growth in broadband revenue, and a return to mobile service revenue growth was offset by falling termination rates and price discounts from its MagentaEINS bundles of fixed and mobile services. Adjusted EBITDA fell slightly to €2.25 billion from €2.27 billion.
Its domestic mobile customer base grew to 41.46 million from 39.89 million a year ago, and fibre broadband customers increased to 3.86 million from 3.58 million.
Revenue at Deutsche Telekom’s European business fell 1.2% to €3.22 billion; growth was flat on an organic basis, the company said. Regulatory effects and increased investments resulted in adjusted EBITDA falling 4.9% year-on-year to €1.1 billion.
There, mobile customers came in at 52.21 million, flat on last year. Retail broadband lines edged up to 5.35 million from 5.31 million.
At T-Systems, revenue fell 7.7% to €1.88 billion, as stiff competition resulted in the division’s order intake falling to €1.17 billion from €1.19 billion a year earlier.
Once again then, it was T-Mobile US that made up for an uninspiring performance in Europe and Germany.
T-Mobile US’ revenue surged 17.3% on last year to €8.28 billion, while adjusted EBITDA jumped by 26.7% to €2.16 billion, as its customer base increased to 69.35 million from 67.38 million in Q3 2015.
"These figures show once again that we are on the right track in our markets," said Deutsche Telekom CEO Tim Höttges.
