Rising numbers of customers in Europe and
the United States have boosted the profits of German telephone giant Deutsche
Telekom. Soaring costs of acquiring customers has prompted the firm to trim its
2013 outlook.
Net profit in the second quarter of 2013
had increased 10 percent on the same quarter a year ago, rising to 530 million
euros ($706 million), Deutsche Telekom said in an earnings report released
August 8.
Total revenues grew 5.4 percent to 15.1
billion euros, the German telecom giant said.
Quarterly revenues were boosted by the earnings of
US mobile provider MetroPCS in which Deutsche Telekom had acquired a stake of
75 percent in May and added about 688,000 US customers to its client base.
Noting that Deutsche Telekom was winning ‘droves'
of customers on both sides of the Atlantic, Chief Executive Rene Obermann said
in the report: “We are in the middle of a massive turnaround in the US, … and
prepared to spend more on high-value growth than previously planned.”
Obermann also said that the company was aiming to
add another 500,000 to 700,000 customers in the second half of 2013 at its US
division.
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