Deutsche Telekom rides to “good” 3Q 2008 on back of T-Mobile success
By Will Park on Wednesday, November 12th, 2008 at 2:27 PM PST In Announcements, Financial/Corporate News, T-Mobile
No, it’s not a joke. While mega-corporations are filing for bankruptcy as global recession fears spread, there’s at least one company shining brightly. Deutsche Telekom (NYSE: DT), T-Mobile (NYSE: DT)’s parent company, has announced a “good” 3Q 2008. Successes with the company’s T-Mobile wireless operator division, Deutsche Telekom managed to boost net income to €1.18 billion ($1.52 billion) up from €1.06 billion ($1.37 billion) last year, beating Wall Street’s expectation of €866 million ($1.12 billion) in earnings.
T-Mobile helped DT’s bottom line by pulling in €639 million ($824 million) in data revenue – a 28.3% year-on-year increase. And, it didn’t hurt that T-Mobile USA added 670,000 customers to their subscriber-base.
[Via: MocoNews]
