- Deutsche Telekom (OTCQX:DTEGY +0.3%) posted core profits up 8.6% in Q2 results boosted by American growth.
- Rapid customer growth at T-Mobile made a "substantial contribution" to net revenue growth of 2.2%. Revenues grew 3.9% on an organic basis (particularly after excluding exchange rates).
- Revenue fell in Germany by 3.1%; it rose by 10.1% in the U.S. In Europe, it fell by 3.2%.
- Mobile customers rose 1.2% to 41.1M in Germany; they rose by 2.9% to 67.4M in the U.S. and were flat in Europe at 52.2M. Fixed-network lines fell 0.6% in Germany, to 19.97M; broadband lines rose 0.5% to 12.77M.
- The company reiterated its outlook for 2016 EBITDA hitting €21B, and free cash flow of about €4.9B.
- Press Release