Deutsche Telekom tripled its profits through June in exchange for the sale of its towers

Madrid, August 10 (European Press) –

Deutsche Telekom reported an attributable net profit of €16,899 million in the first six months of the year, three times more than in the first half of last year, thanks to the extraordinary impact of the sale of 51% of its sub-towers in Germany. and Austria.

In this way, when excluding the exceptional impact of this operation, which closed on February 1, the German operator’s adjusted net profit between January and June was 3,846 million euros, 17.9% lower than in the first half of the year. .

For its part, Deutsche Telekom’s net income until June amounted to 55,060 million euros, 1% lower than last year’s turnover, including a growth of 2.5% in income from services, to reach 45,767 million euros.

Between April and June, net profit attributable to the operator increased by 5.4%, to 1,539 million euros, although excluding extraordinary items, the result was 1,887 million, down 22.8%.

Deutsche Telekom’s turnover in the second quarter was 27,221 million euros, 2.4% lower than the figure recorded in the previous year, and after-service revenue grew 1.4%, to 22,952 million euros.

In this sense, the company explained that the decline in its net income was mainly due to the planned withdrawal from the company’s terminal business in the United States, after practically completing the migration of former Sprint customers to the T-Mobile network in the United States of America. And that this American operator, Thaya, continued to reduce its terminal rental business.

“We continue our successful run in the second quarter,” said CEO Tim Hotges.

See also  Business denunciations behind foreign support for the Venezuelan opposition - Prinsa Latina

Similarly, the company raised its forecast for gross operating product (Ebitda) adjusted for rental margin to reflect higher expectations for business in Germany and Europe. In this way, you now expect adjusted Ebitda AL to be worth around €41,000m, up from the previous €40,900m.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top