Deutsche Telekom Net Falls on Eastern Europe, T-Mobile USA
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Deutsche Telekom AG, Europe’s biggest telephone company, reported a 37 percent decline in first-quarter profit, led by its Greek and Romanian units and as T-Mobile USA lost customers.
Net income fell to 480 million euros ($698 million), missing the 572 million-euro average estimate by analysts. Sales dropped 7.7 percent to 14.6 billion euros, dragged down by eastern Europe and after the Bonn-based company moved its U.K. wireless operations into a venture with France Telecom SA.