Deutsche Telekom Boosts Guidance After Beating Estimates
- Adjusted Ebitdaal was €10.5 billion in the third quarter
- Carrier added customers in mobile and broadband in Germany
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Deutsche Telekom AG, Europe’s biggest telecommunications operator, raised its guidance for the third time this year after user growth in Germany helped it post third quarter profit that was higher than analyst estimates.
Adjusted earnings before interest, taxes, depreciation and amortization after leases will be about €41.1 billion ($44 billion), about €100 million higher than its previous forecast, the Bonn-based carrier said in a statement on Thursday. Deutsche Telekom raised its free cash flow after leases forecast by a similar amount to more than €16.1 billion.