Germany’s biggest telecom group is unpleased with its operations in Romania, Poland, as well as the Netherlands, its chief executive said on Thursday, reuters.com informs.
“On the portfolio side – there’s the Netherlands, the second one is Romania and the third one is our Poland activities where we are not happy with the performance,” CEO Deutsche Telekom Tim Hoettges (photo) told analysts on a call to discuss third-quarter results.
According to him, no business is untouchable as Europe’s biggest phone company tries to decide the future of its Dutch mobile-phone unit, whose sales and profit plunged last quarter, bloomberg.com notes.
While T-Mobile Netherlands is “well-positioned” after having expanded its high-speed wireless network in the country, Deutsche Telekom must and will answer strategic questions regarding a combination of wireless and landline offerings, Hoettges said.
“Nothing is sacrosanct in our portfolio,” Hoettges said in response to a question about the unit. “We will always look if there are better options.”
Bonn-based Deutsche Telekom reported a 13 percent jump in adjusted earnings as the euro’s weakness bolstered revenue in the U.S. Competition with Telefonica SA and spending to upgrade networks weighed on profitability in Germany. Group sales rose 9.3 percent to EUR 17.1 billion, trailing analysts’ EUR 17.3 billion estimate on average. Net profit increased by 59.9 percent to EUR 809 million in the period from July to September.
For the first 9 months of this year, Telekom Romania Communications revenues were EUR 442.7 million, registering a decrease of 3.3 percent compared to the same period of last year. Also, revenues amounted to EUR143.5 million in Q3 2015, down by 5.2 percent, as compared to Q3 2014.