Deutsche Telekom adds more US customers
FRANKFURT, Germany (AP) - Telephone company Deutsche Telekom says it made a net profit of 588 million euros ($793 million) in the third quarter as it added customers at T-Mobile USA.
The company's bottom line rebounded after a loss of 7 billion euros in the same quarter a year ago due to non-cash accounting charges related to the merger of its U.S. business with Dallas-based MetroPCS Communications.
Once the merger effect is taken out, profits fell 2.6 percent as the company increased its spending to build out its high-speed LTE mobile data network in the U.S. market. Operating earnings fell to 4.46 billion euros from 4.64 billion euros, measured before financial factors such as interest, taxes and depreciation.
The company said Thursday its U.S. customer base grew 2.3 percent, to 45 million.
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