UPDATE 1-Deutsche Telekom sees slower core earnings growth this year [Reuters]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
telekom.com/en/investor-relations
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Source: Reuters
Deutsche Telekom sees slower core earnings growth this year BONN, Germany (Reuters) - Deutsche Telekom ( DTEGn.DE ) forecast that growth in its core earnings would slow to 3% this year after a strong fourth quarter, as it looks finally to complete a merger that would create the third-largest U.S. wireless carrier. Europe’s largest mobile operator said it expected adjusted earnings before interest, taxation, depreciation and amortization after leases (EBITDA AL) to reach 25.5 billion euros ($27.5 billion) this year. That was below consensus forecasts by analysts and marks a halving from the growth rate in 2019, when Deutsche Telekom’s U.S., European and German businesses all did well - helped by favorable foreign exchange and consolidation effects. The $26 billion deal for U.S. unit T-Mobile ( TMUS.O ) to take over Sprint ( S.N ), announced in April 2018, last week cleared its last major legal obstacle when a New York judge threw out a case brought by more than a dozen U.S. state
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