Deutsche Telekom profit soars 10% due to asset sale

Deutsche Telekom's quarterly profit rose 9.7% on strong growth at its US wireless unit and an arbitrage payment from Celcom Malaysia, a Dow Jones report said.

The report said net income for the first quarter climbed to 1.08 billion euros from 984 million euros a year earlier.

Stripping out one-time items, including a gain of 200 million euros related to the sale of a stake in Celcom Malaysia, profit slipped 1.3% to 963 million euros, the report said.

The report further said sales climbed 3.9% to 14.8 billion euros, boosted by the group's mobile operations, where revenue jumped 12.3% to 7.6 billion euros. Domestic sales dropped 3.6% to 8.2 billion euros, on declines from its combined fixed-line and broadband unit, the report said.

Both profit and sales missed analysts' estimates, the report further said.

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