Finally, some good financial news coming from Europe's telecommunications market. Thanks to wireless, Deutsche Telekom announced fourth-quarter EBITDA that was above industry estimates. EBITDA rose by 10.4 percent to 5.199 percent as the wireless unit, T-Mobile, grew faster than its rivals. Analysts were pleasantly surprised. DT cited T-Mobile, which posted a 17.5 percent climb in fourth-quarter sales, as a major contributing factor to group revenue.
For more information about DT's fourth-quarter results:
- check out this article from Forbes