Deutsche Telekom Talks Up Networks

Deutsche Telekom reported a 2.9% year-on-year increase in revenues on an organic basis for the second quarter of 2019 to 19.7 billion euros. T-Mobile USA, which posted a revenue increase of 5.1%, was again the main growth engine, but the German business also managed 1.2% growth.

"The foundation of our strong growth remains our good investments in networks," said Timotheus Höttges, CEO of Deutsche Telekom. "In Germany, we already passed over 22 million homes with super vectoring, speeds up to 250 megabits per second. And we are on track for our 28 million customers or households being approached by year-end....German LTE coverage, close to 98% full year target. Our telco added another 1,400 new sites in the last 12 months. This is on track with our ambitious plans to increase our site footprint by 1/3 by 2021." Source: DT statements and presentations