Deutsche Telekom’s operating profit fell 4.3 per cent in the first quarter, as it invested in its major markets in Europe. First-quarter EBITDA, excluding exceptionals, came in at €4.29 billion.

Deutsche Telekom said investments came to more than €3 billion in the first quarter, up almost 40 per cent from last year, mainly on the acquisition of mobile spectrum in the Netherlands.

DT said it still expected EBITDA, excluding special items, to come in at around €17.4 billion in 2013. That outlook excludes earnings streams from MetroPCS, which Deutsche Telekom bought and merged with its T-Mobile USA unit.

Deutsche Telekom finished the quarter with just over 37 million mobile customers worldwide, up by 5.4 per cent from a year earlier. Broadband users rose by 0.6 per cent to 12.4 million, and IPTV and pay-TV subscribers increased by 18 per cent, giving the company a TV customer base of over 2 million.

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