Deutsche Telekom today said its Capex (capital spending) increased 6.2 percent to EUR 2.2 billion in the second quarter of 2014.
The telecom operator invested EUR 1 billion in Germany alone, showing an increase of 58.1 percent.
Deutsche Telekom said its Q2 revenue dipped 0.3 percent to EUR 15.1 billion.
“Our strategy has been to make bold and prudent investments, focus first on lifting customer numbers, and then on upping revenues and results. And we are now starting to reap the rewards. We are also gaining more customers thanks to our outstanding networks,” said Tim Hottges, chairman of Deutsche Telekom.
Deutsche Telekom said its net profit increased 34.2 percent to EUR 711 million, driven by positive effects on earnings from the spectrum swap with Verizon in the United States.
Germany
Deutsche Telekom said number of optical fiber-based lines rose 55 percent within one year to almost 2 million in German telecom market. The company added 227,000 new customers. Of these customers, 109,000 came from the wholesale sector.
In Germany, Deutsche Telekom said its mobile service revenues declined 0.3 percent. Its market share of service revenues increased by 0.6 percentage points year-on-year to 35.5 percent. The mobile contract customer base grew by 275,000 between April and June, including 198,000 new customers under the Deutsche Telekom and Congstar brands.
Revenue of Deutsche Telekom Germany fell 1.8 percent to EUR 5.5 billion.
United States
T-Mobile US passed the 50-million customer mark for the first time in mid-2014. It added 1.47 million new customers. The number of branded postpaid customers is expected to increase by between 3.0 and 3.5 million in 2014. At the start of the year, the forecast stood at 2 to 3 million new customers.
T-Mobile US Revenue increased 14.6 percent to $7.2 billion for the second quarter.
Deutsche Telekom said 32 percent of all fixed-network lines in the segment were already IP-based, growing at 11 percent. The number of base stations for the LTE increased from 1,600 to 10,000 within a year.
editor@telecomlead.com
