Wednesday, February 27, 2008

Deutsche Telekom May Post Fourth-Quarter Profit on Job Cuts

Deutsche Telekom AG, Europe's largest telephone company, will probably
post its highest quarterly profit in a year after job cuts in Germany
reduced expenses and the T-Mobile wireless unit added customers.
Fourth-quarter net income probably reached 665 million euros ($996
million), compared with an 898 million-euro loss a year earlier,
according to the median estimate of 12 analysts surveyed by Bloomberg.
Sales were likely little changed at 15.9 billion euros, the survey
Deutsche Telekom stabilized its loss of traditional phone clients in
Germany to half a million users a quarter, and Chief Executive Officer
Rene Obermann is seeking to protect wireless margins in the U.S. after
price cuts by AT&T Inc. and Verizon Communications Inc. Revenue growth
at T-Mobile USA probably rose at less than half the pace of the
year-earlier quarter, hurt by the dollar's drop against the euro.

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