Growth in home market and US
Deutsche Telekom says it met all its financial targets for 2017, with revenue up 2.5% to €74.9bn and organic growth of 3.6%.
“Deutsche Telekom continues to grow in its global markets,” says CEO Tim Höttges. “In 2017, we once again kept our promises. We also want our shareholders to profit from our success, which is why we are planning to increase the dividend for the third time in succession.”
It saw growth across Europe in broadband, mobile communications, TV, and convergence products, it says.
Deutsche Telekom plans to continue its growth course in 2018. Together with a moderate increase in revenue, adjusted EBITDA is set to rise by over 4% to around €23.2bn in the current financial year.
In Germany, 2017 was marked by efforts to build out fiber-optic infrastructure. Deutsche Telekom laid 40,000 kilometers of new fiber-optic cable in the year just ended, with plans to up this figure to 60,000 kilometers In 2018. The customer base grew sharply on the back of the improved availability of fiberoptic lines (FTTH, FTTC/vectoring). The number of new broadband customers grew by 104,000 in the fourth quarter alone, bringing the net add market share to almost 33 percent, a good 6 percentage points higher than in the prior quarter.
