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T-Mobile continues to raise annual targets despite the slump in profits

Tuesday, 11/02/2021 10:19 PM from

dpa-AFX

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A T-Mobile branch in Vienna. © tupungato / iStock Editorial / Getty Images Plus / Getty Images

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BELLEVUE (dpa-AFX) – The Telekom subsidiary T-Mobile US earned significantly less in the third quarter, but increased its annual targets nonetheless. Net profit fell compared to the previous year by almost 45 percent to 691 million dollars (dollar rate) (597 million euros), as T-Mobile announced on Tuesday after the US stock market closed in Bellevue. The main reason for the decline were charges of $ 707 million in connection with the merger with rival Sprint.


Analysts had expected a worse result on average. In return, the proceeds remained with an increase of almost two percent to 19.6 billion dollars below the expectations of Wall Street. In the three months to the end of September, T-Mobile recorded a total of 673,000 new telephone contracts under its own brand, around two percent less than a year ago. CEO Mike Sievert was nevertheless satisfied and spoke of “unbelievable” results.

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