Feeds

Deutsche Telekom still losing money

But more slowly than before

Business security measures using SSL

T-Mobile's parent Deutsche Telekom lost €3m in the last quarter of 2009, which isn't too bad considering the company lost €730m during the same part of 2008.

For the whole of 2009, the company managed to increase sales by 4.8 per cent, to €64.6bn, though the net profit on those sales was down by 76 per cent to €353m. The company reckons it's now saving €5.9bn a year thanks to its ongoing cost reduction efforts.

"After a bumpy start, we rounded 2009 off with good results" says the canned statement from CEO René Obermann. "Cost discipline was key to getting through economically challenging times."

T-Mobile UK wasn't much help in that, as the company notes that it was the only mobile division in Europe which failed to maintain market position or improve margins. But the forthcoming merger with Orange should sort that out.

Announcing the results the company said it would be paying back €3.4bn to shareholders each year for the next three years, guaranteeing a 70-euro cent dividend with the possibility of buying back more shares to achieve that target.

There results were just shy of what was expected, which explains the company's guaranteed dividends as it continues with plans to shave another €4.2 billion off annual running costs. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.