Feeds

Deutsche Telekom still losing money

But more slowly than before

Gartner critical capabilities for enterprise endpoint backup

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Speak your brains on SIGNAL-FREE mobile comms
Readers chat to the pair who flog the tech
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?