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Deutsche Telekom Q1 revenues fall 4.5%
2013-05-08 08:30:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom reported first-quarter revenues down 4.5 percent year-on-year to EUR 13.8 billion. Adjusted EBITDA fell 4.3 percent to EUR 4.3 billion, giving an unchanged margin of 31.1 percent, and net profit was up 3.5 percent to EUR 564 million. Free cash flow for the first three months of the year declined 7.5 percent to EUR 1.0 billion, as capex rose almost 40 percent to EUR 3.0 billion due to the costs of new spectrum licences in the Netherlands. Deutsche Telekom maintained its full-year guidance for free cash flow of around EUR 5 billion and adjusted EBITDA of EUR 17.4 billion (excluding MetroPCS). The German operator said it resolved some major issues in the quarter, including closing the merger of T-Mobile USA and MetroPCS and the approval of new broadband regulations in Germany. T-Mobile USA reported its first growth in branded customers in four years in Q1 and has sold over half a million iPhones since launching the Apple phone in April.
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Category:Telecommunications