TELETRADER News
8/13/2020, 7:08 AM
(Source: TeleTrader)
Deutsche Bank+4.38%
Deutsche Telekom revenue jumps 37% to €27B in Q2
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.