News Summary: Higher US profit at Deutsche Telekom

Associated Press Published: August 9, 2012
Advertisement
;

THE RESULTS: German phone company Deutsche Telekom had a net profit of €614 million ($756 million) in the second quarter.

U.S. ASSIST: Higher earnings from its U.S. division, T-Mobile, helped. Earnings there rose thanks to cost cuts and stronger sales revenue, though the company said it saw a decline in the most profitable kind of customers — those with long-term contracts.

OTHER FACTORS: Deteriorating economies in several countries, added regulation, and exchange rate shifts in the Polish and Hungarian currencies weighed on earnings.



Trending Now


AROUND THE WEB

  1. 1
    Oklahoma City Thunder: Kevin Durant reportedly trying to get Caron Butler to return
  2. 2
    Isolated Amazon Tribe Makes First Contact
  3. 3
    911 Dispatcher Handles Call About Her Choking Son
  4. 4
    Cops: Woman Faked Drowning to Avoid Court
  5. 5
    Brazilians Listened to the Song ‘Happy’ a Lot More After Their World Cup Disaster Against...
+ show more