Bonn-based telecommunications giant Deutsche Telekom has reported first-quarter earnings that beat their analysts’ estimates, thanks to better-than-expected performance by its US subsidiary T-Mobile.
Deutsche Telekom’s revenue slipped 1.1 per cent to 14.43 billion euros, but earnings were at 4.48 billion euros ($5.8 billion), higher than analysts’ average projection of 4.4 billion euros.
Net earnings halved to 238 million euros, mainly due to a charge of nearly 500 million euros related to job cuts.

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