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[$$] Deutsche Telekom Beats 2018 Targets

AG (DTE.XE) said Thursday that it exceeded its financial guidance for 2018, even as the company posted a loss in the fourth quarter. The German telecommunications company booked a net loss of 431 million euros ($489 million), compared with a net profit of EUR1.33 billion in the fourth quarter of 2017. Telekom attributed its net loss in the quarter to the beneficial effects of U.S. tax reform incurred in the prior-year quarter as well as “net negative special factors” of EUR1.2 billion, including impairment losses of EUR700 million and staff-related expenses of EUR300 million.