Deutsche Telekom, Germany's largest telco, said that its net revenue from continuing operations (therefore, excluding its U.S. unit and U.K. joint venture) fell 3.3% year-on-year to 10.97 billion euros in the second quarter of 2011. Revenue fell 3.4% in Germany and 5.5% in the rest of Europe, but its Systems Solutions unit lifted revenues 1.5% to 2.28 billion euros.
The company blamed the decline on falling revenue from voice telephony services, partly as a result of regulation, in Germany and price erosion in its other European operations, which include units in Greece, Romania, the Netherlands and Austria. source: Deutsche Telekom statement
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