Quarterly results reveal fall in revenue for T-Mobile

Quarterly results reveal fall in revenue for T-Mobile

T-Mobile became the fourth operator to release its second quarter results today, and like its rivals, it has suffered from a drop in revenue.

Despite a slight gain of 56,000 contract customers, the network lost 380,000 prepay users during the last quarter.

It also recorded a decrease in revenue of 11.5% in the first six months to £1.64bn (€2.07bn), compared with the same period in 2007, but it pointed out that curency fluctuations had an impact on the sharp decrease; measured in pounds sterling, the network said, revenue rose slightly by 1.7%.

Parent company Deutsche Telekom said it invested in its sales and customer retention costs during the last quarter, which it claims caused a 14.8% decline in EBITDA in the first half of the year to £337m (€426m). When measured in sterling the decrease was 2.7%.

Deutsche Telekom's CEO, René Obermann, said: ’We made good progress during the first half of the year in achieving our strategic objectives, both in operations and with our cost savings. This leads us to assume that we will reach our financial targets in the 2008 financial year.’

Net revenue for Deutsche Telekom group fell by 2.9% year-on-year, to £11.9bn (€15.1bn)

Written by Mobile Today
Mobile Today


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