Arab Today, arab today deutsche telekom earnings may decline this year
Last Updated : GMT 19:53:43
Arab Today, arab today
Arab Today, arab today

Deutsche Telekom earnings may decline this year

Arab Today, arab today

Arab Today, arab today Deutsche Telekom earnings may decline this year

Frankfurt - Arabstoday

Deutsche Telekom has forecast earnings will fall further this year after posting a 1.34 billion euro ($1.8 billion) quarterly net loss because of writedowns on T-Mobile USA and its Greek business. Earnings before interest, taxes, depreciation and amortization excluding some items will be about 18 billion euros, or 3.7 per cent less than in 2011, Germany’s largest phone company said today. That compares with the 18.5 billion-euro average analyst estimate compiled by Bloomberg. The fourth-quarter net loss was weighed down by about 3.3 billion euros in impairment losses in the US and in Europe. Deutsche Telekom, which failed to sell its US wireless business to AT&T Inc. last year, is struggling to prop up profit as T-Mobile USA requires additional investments and the company’s eastern European units lose customers. T-Mobile USA ceded 802,000 contract customers in the quarter as rivals started offering Apple’s iPhone 4S, and the unit will need additional spending of $1.4 billion this year and next before the introduction of faster wireless Internet services, it said. “They’re a bit more cautious on the outlook, driven largely by the lower expectations in the US,” said Guy Peddy, an analyst at Macquarie in London. “The whole European telco sector is suffering a structural decline in earnings and profitability. Deutsche Telekom’s numbers confirm that trend.” France Telecom became the latest European phone operator to back away from payout projections to conserve cash amid the debt crisis, following Telefonica and Telekom Austria. Deutsche Telekom confirmed its forecast for a dividend of at least 70 cents a share this year, and predicted free cash flow of about 6 billion euros. Shares of Deutsche Telekom have dropped about 10 per cent in the year before today. They slipped 1.1 per cent to 15.99 euros in Frankfurt yesterday, valuing the company at 38.7 billion euros. Fourth-quarter adjusted Ebitda climed 1.3 per cent to 4.61 billion euros, Deutsche Telekom said. Sales slid 3.7 per cent to 14.91 billion euros, trailing the 15 billion-euro analyst estimate. The figures include the contribution of T-Mobile USA. Deutsche Telekom had separated the unit out following the announcement of the AT&T deal last March.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deutsche telekom earnings may decline this year Arab Today, arab today deutsche telekom earnings may decline this year

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal

GMT 15:47 2017 Wednesday ,22 February

Airbus faces challenges as it enters new era
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday