Deutsche Telekom AG reported that its Q2 net profit fell 35% due to economic and business effects such as 1-time charges, a stronger euro and higher interest payments.
The operator posted net profits for the period ended June 30 of $607.2 million, down from $929.7 million a year earlier, when the company booked a gain from the sale of T-Online France.
Deutsche Telekom, parent company of T-Mobile USA, saw revenue fall 2.9%, due to the strong euro against the dollar and pound.
Deutsche Telekom also saw a 7.1% decline in its German fixed-line customers to 29.82 million from 32.09 million. Its retail broadband customers grew 23.5% to 9.9 million. Total mobile customers increased 8.7% to 125 million, with the U.S. customer base rising 12.3% and Europe increasing 7.5%.
Filed Under: Carriers
