Reuters logo
Deutsche Telekom writes down BT stake by 2.2 bln euros
March 2, 2017 / 6:17 AM / 7 months ago

Deutsche Telekom writes down BT stake by 2.2 bln euros

BONN, Germany, March 2 (Reuters) - Deutsche Telekom wrote down the value of its stake in Britain’s BT by 2.2 billion euros ($2.3 billion), pushing it to a fourth-quarter net loss of 2.12 billion euros from a profit of 946 million euros a year earlier.

The German telecoms provider reported a 2 percent increase in fourth-quarter adjusted core profit (EBITDA) to 5.26 billion euros on Thursday, driven by its T-Mobile US unit but also lifted by a 3 percent increase in German adjusted EBITDA.

$1 = 0.9497 euros Reporting by Georgina Prodhan; Editing by Maria Sheahan

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below