Deutsche Telekom Q2 results fall on forex effects; underlying EBITDA improves

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(Telecompaper) Deutsche Telekom reported a small fall in second-quarter results, hurt by the stronger euro against the dollar. Revenues fell 2.8 percent to EUR 18.4 billion, and adjusted EBITDA was down 0.3 percent to EUR 5.9 billion. On an organic basis, revenues rose 1.3 percent, and adjusted EBITDA improved 3.9 percent. The German operator increased its forecast for full-year growth in adjusted EBITDA, thanks to the strong performance at T-Mobile US. 
Source: Industry News (syndicated from Telecompaper.com)

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