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Fierce competition drives down Deutsche Telekom's earnings
Bonn Published in Saudi Press Agency on 10 - 05 - 2007


Europe's biggest telecoms group Deutsche
Telekom AG said today that the first quarter earnings dropped 5.8 per cent
in the face of intense competition in its domestic German market, reported the German news agency dpa.
Indeed, strong growth in the group's overseas operations and
broadband business failed to offset a slump in fixed-line customers
and mobile sales in Germany with earnings before interest, tax,
depreciation and amortization falling to 4.682 billion euros (6.347
billion dollars) from 4.970 billion euros a year earlier.
The release of the Bonn-based company's latest results come as
signs emerged of a showdown between Telekom and the unions over its
tough cost-cutting plans.
-- SPA

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