Deutsche Telekom ups FY EBITDA outlook after underlying growth in Q1

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(Telecompaper) Deutsche Telekom reported revenues down 3.9 percent year-on-year to EUR 17.92 billion, and adjusted EBITDA was flat at EUR 5.55 billion. Growth was held back by the stronger euro versus the dollar, while on an organic basis, revenues rose 3.1 percent, the company said. Deutsche Telekom also raised its guidance for adjusted EBITDA in the full-year 2018, by EUR 100 million to around EUR 23.3 billion, saying this was due to its “unique growth profile” with operations on both sides of the Atlantic. 
Source: Industry News (syndicated from Telecompaper.com)

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