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Deutsche Telekom rides to “good” 3Q 2008 on back of T-Mobile success

By: , IntoMobile
Wednesday, November 12th, 2008 at 2:27 PM

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, T-Mobile’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]

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About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...