“Deutsche Telekom AG (DTE), Germany’s largest phone company, reported second-quarter profit that beat analysts’ estimates as lower handset subsidies in the U.S. and a stronger dollar helped offset declining sales in Europe.
Earnings before interest, taxes, depreciation and amortization and some items climbed 0.2 percent to 4.7 billion euros ($5.8 billion), compared with the 4.58 billion-euro average of 10analyst estimates compiled by Bloomberg. Profit on that basis at T-Mobile USA surged 19 percent in euro terms and margins in Germany also rose, the company said today.”
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