The quarterly core profit of Deutsche Telekom plummeted by 1.8% with its investments to guard its position in the German home market and to turn around the U.S. business weighed.
Excluding special items, the company’s third-quarter earnings before interest, tax, depreciation and amortization or EBITDA fell to $5.73 billion or 4.575 billion euros. This is just in line with the analysts’ average projection for Deutsche Telecom’s earnings of 4.581 billion euros.
The biggest telecom operator in Europe said on Friday that it still expects that it’s EBITDA for 2014 will remain steady at roughly 17.6 billion euros and that its free cash flow would go down by more or less 4.2 billion euros.
Chief Executive Tim Hoettges of Deutsche Telekom that the challenges that the company presently faces differ from one region to another but it’s evidently making progress on all regions. He also said that the telecom operator is preparing for the possibility of keeping its T-Mobile investment for another year after Iliad and Sprint turned away from the agreement to buy the fourth biggest carrier in the U.S.
The company said in its statement last Thursday that its mobile frequencies increased to 2.5 billion euros or 10.3% higher for the third quarter as opposed to the same period of 2013.