BERLIN (GERMANY) – Deutsche Telekom CEO Tim Hoettges confirmed the company’s profit outlook ahead of Friday’s annual general meeting, saying the transatlantic telecoms group was resilient to the pandemic.
“Of course we are also feeling the effects. From bad debts. Forgone roaming revenues and temporary shop closures,” Hoettges said, according to pre-released extracts of his video address to the event which is being held online.
“But we are confident that we will bounce back. Because digitalization is everywhere right now. And this brings us opportunities.”
Deutsche Telekom, whose US unit T-Mobile completed the takeover of smaller rival Sprint, expects core profit this year of 25.5 billion euros. It has proposed a dividend of 0.60 euros.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field
