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Deutsche Telekom Confirms Guidance as Virus Impact Limited

  • Earnings exceeded analyst estimates on gains in Germany, U.S.
  • Gains in Germany reflect uplift from fiber optic buildout
Updated on

Deutsche Telekom AG said the hit to its finances from the pandemic, such as through store closures and reduced roaming revenues, will likely be “limited” as revenues from phone services are rising, enabling it to confirm guidance for 2020.