Deutsche Telekom “investments paying off”
May 13, 2015
Deutsche Telekom has reported a quarterly profit helped by its US operations and the weak euro. EBITDA excluding special items rose to €4.57 billion. Profit was helped by €175 million from an out-of-court settlement with Liberty Global’s German unit Unitymedia over the acquisition of KabelBW.
Europe’s largest telco by revenue said it still expected 2015 EBITDA excluding special items of around €18.3 billion at constant exchange rates and free cashflow of around €4.3 billion.
“It has been some time since we have seen positive indications for revenue and earnings in our industry,” Chief Executive Tim Hoettges said in a statement. “Our clear strategy with strong investment is paying off.”
Deutsche Telekom added 74,000 new customers to its IPTV platform Entertain in Q1. The growth was slightly down on the 78,000 additions in Q1 2014. The service now has a total of 2.52 million customers.