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Germany's Deutsche Telekom reports large rise in 1Q profits



By MATT MOORE, AP
08 May 2008 @ 06:49 am ET


Germany Deutsche Telekom Sprint Nextel
A Feb. 28, 2008 file photo shows the logo of Deutsche Telekom at the headquarters in Bonn. Deutsche Telekom AG is reportedly mulling a bid to acquire Sprint Nextel Corp., The Wall Street Journal Reported Monday, May5, 2008 citing people it said were familiar with the decision. Bonn-based Deutsche Telekom did not immediately comment on the report, but were it to make such a deal, it would catapult its T-Mobile wireless unit to the top spot in the ...
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DT 14.01 -0.12

In Europe, revenue from mobile customers was up 1 percent to euro4.99 billion ($7.7 billion), compared with euro4.94 billion a year earlier. In the U.S., revenue slipped slightly to euro3.461 billion ($5.34 billion), compared with euro3.468 billion a year earlier, even as the number of subscribers at T-Mobile USA rose by 3.4 million to 30.8 million, compared with 27.1 million a year earlier.

In spite of the decrease, the company said that of its total revenue figures, 51.6 percent of its sales came from outside Germany, a good sign for its international expansion.

Deutsche Telekom's closely watched earnings before interest and taxes, used by analysts as a barometer of its operation performance, was euro4.686 billion ($7.23 billion) in the quarter, on par with last year's figure of euro4.682 billion.

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