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T-Mobile, U.S. results carry Deutsche Telekom growth

Published 11/10/2016, 10:57 AM
T-Mobile, U.S. results carry Deutsche Telekom growth
TMUS
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DTEGY
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  • Deutsche Telekom (OTCQX:DTEGY) is 2.8% lower in U.S. trading after Q3 results where it met expectations and reiterated full-year guidance.
  • Revenue grew nearly 6% with the help of solid growth at T-Mobile (NASDAQ:TMUS), and net profit was up more than 30%. EBITDA of €5.54B rose 7.2% and slightly missed an expected €5.55B.
  • Fiber-optic broadband lines rose by 526K in Germany. While the number of call minutes used by contract customers rose 4.6% Y/Y, the company points at data usage that was up 80% (to nearly 1 GB/month on average). Its LTE network now covers about 92% of the population there.
  • Meanwhile, mobile contract customers in European national companies rose by 219,000, and there are more than 4M TV customers. LTE is available to 78% of the population.
  • Revenue breakout: Germany, €5.55B (down 0.8%); United States, €8.28B (up 17.3%); Europe, €3.22B (down 1.2%).
  • Free cash flow rose 45.6% to €1.9B.
  • Press Release

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