DusseldorfDeutsche Telekom has presented its figures for the second quarter on Thursday. The most important facts.
- that turnover increased 4.7 percent year on year 19.1 billion euros.
- that Customized Income (Ebitda) increased by 8.5 percent 6.2 billion euros.
- that adjusted consolidated net income up 6.2 percent 1.3 billion euros.
- Especially because US business is strong, the group raises it hope third year of the year 23.6 billion euros (initially: 23.2 billion euros).
It is no longer just a US subsidiary that drives growth in the Group, but other segments are also developing positively. "It's going uphill in all areas of the Group," said Telekom CEO Timotheus Höttges, according to the announcement. "Therefore we can set the bar again a little higher," Höttges said, raising the estimate.
In Germany's core market, the group estimates its turnover to reach 5.4 billion euros. Adjusted for special effects, Ebitda rose 2.1 percent to 2.2 billion euros. At T-Mobile US, adjusted for non-recurring effects, Ebitda even rose 16.5 percent to 2.7 billion euros.
This is negative
Telekom debt continues to grow. At the end of the third quarter alone, the Dax Group had obligations worth 55.5 billion euros. This is a 5.4 percent increase over the same period the previous year. This group faces huge costs.
If Telekom receives a green light for a competitor's assumption on Sprint in the US, he must finance the mix. This includes not only the purchase itself, but also the huge costs of further network mergers and extensions.
What's important now
In Germany, the mobile communications market is facing the next upheaval. On November 26, the Federal Network Agency wanted to set conditions for the provision of frequencies for the next 5G cellular standard. The auction will take place in the coming year.
The Federal Ministry of Finance plans to earn between four and five billion euros – money, which should come from Telekom and other network operators Vodafone and Telefónica, possibly from the next bidder.
In addition, telecommunications must spend a lot of money on network expansion. Höttges has announced that the group will maintain its investment level in Germany at around 5.5 billion euros a year. So, by 2025, more than 90 percent of Germany and 99 percent of the population must be given 5G.