Saturday, 24 June 2017

Deutsche Telekom swings to hefty loss on one-off US charge

By Mary Lennighan, Total Telecom
Thursday 08 November 12

German incumbent turns in solid Q3 performance; reduces debt and maintains full-year guidance.

Deutsche Telekom posted a net loss of €6.9 billion in the third quarter of this year due to an impairment charge at its U.S. operations, but CEO Rene Obermann urged the market to look past that headline figure to the company's underlying results. "Anyone seeing only the clear net loss is overlooking the fact that our operating business is completely on track…

Deutsche Telekom posted a net loss of €6.9 billion in the third quarter of this year due to an impairment charge at its U.S. operations, but CEO Rene Obermann urged the market to look past that headline figure to the company's underlying results. "Anyone seeing only the clear net loss is overlooking the fact that our operating business is completely on track…

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