\tDeutsche Telekom posted strong Q2 figures, boosted by a vigorous performance in home market of Germany and continued customer gains from its T-Mobile US business.<\/p>\n
The company said in an earnings statement revenue jumped 7.1 per cent from Q2 2018 to \u20ac19.7 billion. A net profit of \u20ac900 million, an increase of 90.7 per cent, was attributed to the effects of a charge for its toll system in Germany, which negatively affected the metric in the comparable 2018 quarter.<\/p>\n
CEO Timotheus Hoettges (pictured) said the company \u201cremained reliable\u201d, with its business performing well in all areas in the first half of the year.<\/p>\n
During Q2, Deutsche Telekom said it extended its \u201cleading position\u201d in the German mobile market, with revenue increasing 1.2 per cent to \u20ac5.4 billion.<\/p>\n
The company pointed to an increase in average monthly mobile data used by its contract customers, which exceeded 3GB for the first time, while 4G subscribers \u201cused six-times as much data as other customers\u201d.<\/p>\n
EBITDA rose 4.9 per cent to \u20ac2 billion. Mobile customers increased by 4.2 per cent to 44.8 million.<\/p>\n
In its European segment, which accounts for a number of markets across the continent including Austria and Poland, revenue was just shy of \u20ac3 billion, a 2.8 per cent increase, with the company pointing to growth in convergence solutions, which is now being pushed across ten countries in total.<\/p>\n
US growth
\nIts US business continued to outperform [1], with revenue increasing 5.1 per cent to $11 billion, largely fuelled by the addition of 1.8 million customers, bringing its total customer count to 83.1 million by the end of June.<\/p>\n
Deutsche Telekom said its US business recorded 1 million net customer additions for the 25th quarter in a row as a result of the gains in Q2. Notably, T-Mobile is nearing completion [2] of a merger with Sprint, after securing approval from the US Department of Justice last month.<\/p>\n
Over the first six months of 2019, Deutsche Telekom added it continued to invest at a high level, with capex before expenses for mobile spectrum rising 14.9 per cent to \u20ac7 billion.<\/p>\n
Investments increased due to the construction and upgrade of networks in Germany, Europe and the US, which was \u201cdue to accelerated infrastructure build out in the 600MHz spectrum band”.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/tmobileq2\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/us-merger-hopefuls-face-further-delay\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Deutsche Telekom posted strong Q2 figures, boosted by a vigorous performance in home market of …<\/p>\n
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