FILE PHOTO: Brochures with the logo of Deutsche Telekom AG are pictured at the shop in the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay
BONN, Germany (Reuters) – Deutsche Telekom (DTEGn.DE) forecast that growth in its core earnings would slow to 3% this year after a strong fourth quarter, as it looks finally to complete a merger that would create the third-largest U.S. wireless carrier.
Europe’s largest mobile operator said it expected adjusted earnings before interest, taxation, depreciation and amortization after leases (EBITDA AL) to reach 25.5 billion euros ($27.5 billion) this year.
That was below consensus forecasts by analysts and marks a halving from the growth rate in 2019, when Deutsche Telekom’s U.S., European and German businesses all did well – helped by favorable foreign exchange and consolidation effects.
Source Reuters Tech News