Business News
Deutsche Telekom posts 959 million euro Q3 profit
Nov 5, 2009, 8:46 GMT
Bonn - German telecommunications concern Deutsche Telekom said Thursday it boosted its third-quarter profits and turnover largely thanks to its buy-in at Greek counterpart OTE.
Bonn-based Telekom said it achieved a net profit of 959 million euros (1.41 billion dollars), up 7.2 per cent on the same quarter of 2008.
The net came on operating results of 5.5 billion euros, up 5.2 per cent, while revenues grew at the same rate to 16.3 billion euros, Telekom said.
But without the buy-in at the Greek telecom group OTE, both earnings and revenues would have been lower year-on-year, the German company noted.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
