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Mobile US drives solid Q1 result for Deutsche Telekom

Mobile US drives solid Q1 result for Deutsche Telekom

Deutsche Telekom, which owns 64% of T-Mobile US, said its American operator will likely be involved in merger talks in the coming months, Reuters reported.

German telecoms group Deutsche Telekom (IOB: 0MPH.IL - news) on Thursday confirmed its financial objectives for the year, after a strong performance by its U.S. mobile arm boosted business in the first quarter. "We got off to a good start in 2017", the CEO said.

German telecom giant Deutsche Telekom AG (DTEGY.PK) Thursday reported a sharp decline in its first-quarter profit, mainly on negative remeasurement effects, while revenues increased from a year ago.

Adjusted for special items, net profit was 939 million euros or $0.20 euro per share, compared to 1.05 billion euros or 0.23 euro per share a year ago.

The logo of USA mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015.

Last month, T-Mobile US reported a 2.7 percent rise in post-paid customers to 35.3 million, continuing the steady increase in its subscriber base over the past four years.

Although it's now larger, it's unclear if T-Mobile has the desire to be the acquirer in any deal since Sprint has struggled to retain customers even after offering the industry's cheapest unlimited data plans.




T-Mobile US (TMUS) stock edged up Friday on a report that Sprint (S)-owner SoftBank has informally reached out to Deutsche Telekom (DTEGY) about restarting talks that could lead to a merger.

The U.S. Federal Communications Commission barred merger talks among telecommunications companies for more than a year as it conducted a $19.8 billion auction of airwaves from broadcasters for wireless use.

Revenues rose by 5.8 percent to 18.65 billion euros, in line with expectations.

Consolidated net sales revenues added 2% on the year to 179.9 million euro through March, primarily due to higher revenues on the wholesale market, and higher revenues from broadband and IT services, the telco said in a Ljubljana bourse filing.

Earnings before interest and tax or EBIT for the period slid 38.8 percent to 2.8 billion euros from 4.5 billion euros.

In January, BT revealed an accounting scandal at its Italian division which cost the group 530 million pounds. Deutsche Telekom AG has a 52-week low of €13.37 and a 52-week high of €16.92.


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