Deutsche Telekom shakes economic woes, reports "good" Q3

by Darren Murph, posted Nov 9th 2008 at 11:43AM

We can't recall the last time a mega-corp informed the public that it had a "good" quarter (as in, it literally described the quarter as "good" in its headline), but we can't help but chuckle at this one. Deutsche Telekom has done what few other companies have managed to do of late, and that's post an impressive Q3. Even in a "difficult market environment," net income was up €0.6 billion ($775 million) to €0.9 billion ($1.16 billion) compared to a year ago, and it managed to snag 670,000 new T-Mobile USA customers all the while. As with most other carriers these days, DT also found lots of income flowing in from data usage; total data revenue (excluding messaging) was up 28.3% to a whopping €639 million ($825 million). For number crunchers and optimists alike, tap the read link for more material you're sure to love.

[Via mocoNews]

Filed under: T-Mobile, Misc

Tags: Deutsche Telekom, DeutscheTelekom, earnings, economy, growth, quarterly earnings, QuarterlyEarnings, T-Mobile, T-Mobile USA, T-mobileUsa

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Highly Ranked

Gina D @ Nov 9th 2008 1:16PM

Wireless penetration levels may not be as good as VZW stateside, but overall as an international organization who is subject to the same poor economy and commodization of cell phones in general, they've done pretty damn well indeed. Like the US, they own wired infrastructure in Europe that is eroding yet they've kept their numbers on track.

Neutral