Phone carrier Deutsche Telekom sees net profit doubling this year after a booming mobile unit helped it post 4 per cent quarterly growth in core earnings and a sales decline at its fixed-line arm slowed.
It met expectations today with earnings before interest, tax, depreciation and amortisation for the second quarter of €4.783 billion ($5.85 billion), adjusted for special items.
Net profit soared to €1.7 billion, boosted by an asset sale and the write-up of mobile phone licences in the United States.
Chief Executive Kai-Uwe Ricke promised €2.5 billion in annual profit and an "attractive" dividend.
Second quarter sales rose 6 per cent, more than forecast, to €14.4 billion, boosted by a 12 per cent rise at T-Mobile.
Sales at fixed-line unit T-Com, its cash cow, fell less than foreseen, helped by sales from DSL high-speed Internet access.