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Deutsche Telekom AG Message Board

  • lynzie8 lynzie8 Mar 25, 2009 5:42 PM Flag

    DT from Bloomberg...reassuring

    Deutsche Telekom AG
    Deutsche Telekom Has Financed EU2.2 Billion of Debt (Update1)

    By Frances Robinson

    March 25 (Bloomberg) -- Deutsche Telekom AG, Europe’s biggest telephone company, has financed 2.2 billion euros ($3 billion) of the 4.4 billion euros of debt maturing this year, Chief Financial Officer Timotheus Hoettges said.

    “Deutsche Telekom successfully managed the financial turnaround and is in a very solid financial shape,” according to the slides of an investor presentation in London today.

    Deutsche Telekom will try to deal with currency effects on its business in Poland, Czech Republic, Hungary, Croatia, Slovakia, Macedonia, and Montenegro, Hoettges said. The Bonn- based company will have an “aggressive” roll-out of its 3G mobile services in the U.S. to increase the average revenue per user from mobile data services, he said.

    Hoettges, who became finance chief on March 1, reiterated the group’s guidance of 2009 earnings before interest, taxes, depreciation and amortization of 19.5 billion euros and free cash flow of 7 billion euros.

    Last month, the company reported a fourth-quarter loss of 730 million euros after taking charges for a holding in Greece and job reductions.

    To contact the reporter on this story: Frances Robinson in Frankfurt at frobinson6@bloomberg.net

    Last Updated: March 25, 2009 10:37 EDT

 
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16.45-0.03(-0.18%)Dec 26 3:59 PMEST

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