Deutsche Telekom slightly lifted its 2023 operating profit target a second time on Thursday, boosted by its U.S. business T-Mobile US , which raised its outlook for customer growth two weeks ago.
The U.S. wireless carrier has been benefiting from cost-conscious customers flocking to its cheaper plans and superior 5G services in a highly competitive market, helping itBonn-based parent Telekom said it now expects adjusted earnings before interest, taxes, depreciation and amortization after leases to reach around 41 billion euros this year, compared with previous guidance for about 40.9 billion.
The group reported second-quarter EBITDA AL that rose 1.5% year-on-year to 10.04 billion euros, a tad above analyst consensus for 10.02 billion. Revenues slipped by 2.4% to 27.2 billion euros, slightly below consensus for 27.3 billion, as it withdrew from the terminal equipment business in the U.S. following its takeover of rival Sprint in 2020.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Horoscopes: Thursday, Aug. 10, 2023Daily News | Horoscopes: Thursday, Aug. 10, 2023
Read more »
Jaguar I-Pace Sales Faded Again In Q2 2023The all-electric Jaguar I-Pace sales continue to decline, with only 1,339 units sold in Q2, marking a 38% decrease compared to the previous year. With a projected sales figure of around 5,000 units, 2023 is expected to be the slowest year for Jaguar I-Pace. The lack of updates in the 2024 model year and increasing competition in terms of performance, range, and pricing pose challenges for the future of the Jaguar I-Pace.
Read more »
Fremantle Owner Downgrades 2023 Financials Following Half-Year Profit TumbleRTL Group, the owner of American Idol outfit Fremantle, has downgraded its full-year financial expectations following a tricky six months during which group profit tumbled by more than 50%.
Read more »
Travis Scott’s ‘Utopia’ Debuts With the Second Biggest Streaming Numbers of 2023Travis Scott’s features-loaded 'Utopia' tops the albums list this week at No. 1, touting the third-biggest week of 2023 for any album (behind Morgan Wallen and Taylor Swift) and the second-largest streaming week of the year. The 19-song set expands on Scott’s discography after several years of hiatus between this and his last full-length, 2018’s 'Astroworld'.
Read more »
2023 is on track to be the hottest year on recordThis year is increasingly likely to become the hottest year on record, due to a rapidly strengthening El Niño weather pattern and unprecedentedly hot summer.
Read more »
2023 Chevy Corvette Z06 Expected to Sell for $325,000 at AuctionThe upcoming auction in Monterey, California will feature a 2023 Chevrolet Corvette Z06 painted in Rapid Blue with Edge Orange racing stripes. This highly anticipated C8-generation Corvette Z06 is expected to fetch between $275,000 and $325,000, far exceeding its reasonable starting price of $106,935 in the United States.
Read more »