For the second quarter, net income rose 63.4% to 943m euros ($1.17bn) from 577m euros ($717m) in the year-ago quarter. Sales rose 2.6% to 14.74bn euros ($18.35bn) from 14.37bn euros ($17.87bn).
For the six months ended June 30, net income rose 61.5% to 1.95bn euros ($2.43bn), from 1.2bn euros ($1.5bn), while sales rose 3% to 29.124bn euros ($36.21bn), from 28.27bn euros ($35.15).
Deutsche Telekom’s mobile unit continues to act as the growth engine of the Bonn, Germany-based carrier. The principal driver of T-Mobile’s success is its US operation, T-Mobile USA, the former VoiceStream operator that it bought at the height of the telecoms bubble. The US operation continued to perform well after adding 972,000 new customers to take its US total client base to 19.2 million. T-Mobile also added more than 620,000 new users in Germany.
The success of its mobile unit is vital considering that Germany remains a problem area for the carrier. Revenue from all its German businesses declined 1.8% to 8.5bn euros ($10.57bn) in the second quarter. It is also experiencing fierce competition in the broadband and fixed-line market, and revenue here declined 4.5% year-on-year.