DT’s 2001 loss a result of VoiceStream purchase
Deutsche Telekom posted its first full-year net loss, indicating that its purchase of VoiceStream Wireless and investments in third-generation wireless services were to blame.
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DT’s 2001 net loss totaled about $3.04 billion in 2001. The loss reportedly would have been greater if DT hadn’t booked gains on asset sales, including stakes in Sprint and a regional cable-television unit. The operator’s sales actually rose 18% during 2001.
Analysts expect VoiceStream, which has yet to be profitable, to break even this quarter.
VoiceStream kept average revenue per user unchanged in the fourth quarter at $49 even though it added 667,400 new customers.
--Kelly Carroll, staff writer
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© 2012 Penton Media Inc.
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