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Deutsche Telekom reports 4th-quarter loss of euro757 million

Deutsche Telekom reports 4th-quarter loss of euro757 million

Deutsche Telekom AG on Thursday posted another quarterly loss but said that its business was stabilizing after many quarters of declines because of an exodus by fixed-line customers.
The Bonn-based company lost euro757 million (US$1.1 billion) in the October-December period compared with a loss of euro898 million a year earlier.
But the company said that its adjusted net profit for the fourth quarter was euro808 million (US$1.2 billion), about 2 percent lower than the euro824 million it earned a year earlier. Sales were about half a percent lower at euro15.8 billion (US$23.7 billion), compared with euro15.9 billion a year earlier.


Updated : 2021-05-08 23:56 GMT+08:00