Feeds

Deutsche Telekom still losing money

But more slowly than before

Boost IT visibility and business value

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. ®

Seven Steps to Software Security

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
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.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.