Deutsche Telekom ended the first quarter with earnings down 4,3% year over year. A result that reflects the telecommunications group's ambitious investment policy in Europe and on the German domestic market. Adjusted Ebitda, net of extraordinary items, stood at 4,29 billion, while revenues decreased by 4,5%, to 13,79 billion, slightly below the consensus of 13,84 billion.
Investments exceeded three billion, up almost 40% on the same period in 2012, primarily due to acquisitions in the Netherlands. The company, the second mobile telephony operator after Vodafone, confirms a target of around 2013 billion for Ebitda for the whole of 17,4.
