October 18, 2021

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Deutsche Telekom earns 2,815 million euros as of June, 68.6% more

Deutsche Telekom earns 2,815 million euros as of June, 68.6% more

EFE / EPA / FRIEDEMANN VOGEL / Archive

Frankfurt (Germany), August 12 (EFE). German telecommunications company Deutsche Telekom posted first-half net profit of 2,815 million euros, an increase of 68.6% over the previous year, due to increased mobile customers in the United States and growth in Europe.
Deutsche Telekom reported today that it increased its trading volume in the first half to 52,983 million euros (12.8% more than the previous year), and operating results, to 7,207 million euros (28.8% more).
Deutsche Telekom CEO Tim Höttges said all areas of the group increased their results in the first half.
The US is driving Deutsche Telekom’s customer growth through its mobile subsidiary, T-Mobile US, and because Sprint’s acquisition integration is progressing faster than expected.
T-Mobile US now expects transaction synergies between $2.9 billion and $3.1 billion this year, $100 million more than it had previously forecast.
In Germany, the number of broadband customers is increasing and the negative impact of the pandemic on roaming revenue was greater in the second quarter of last year.
Deutsche Telekom, which increased its debt to 127,972 million euros (+5.9%), revised its forecasts again slightly upwards.

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