Deutsche Telekom revenue jumps 37% to €27B in Q2

Thursday, 13. August 2020 07:08

Deutsche Telekom announced on Thursday its revenue in the fiscal second quarter climbed 37.5% to €27.0 billion following T-Mobile's merger with Sprint. Meanwhile, adjusted EBITDA AL in the same quarter rose 56.4% to €9.8 billion.

"The merger in the United States is a historic step for the Group. Our figures are formidable and our strong business operations in Germany and the rest of Europe also play a part in this," CEO Tim Hoettges said in a press release.

The coronavirus pandemic had a "limited impact" on Deutsche Telekom’s Q2 performance, while the company recorded its most successful quarter in broadband business in two years in Germany, it disclosed in the quarterly update.

Related Links: Deutsche Bank AG
Author:
Breaking the News / JC