DT cuts outlook on mobile, economic pressure

German telco incumbent Deutsche Telekom will not report first quarter earnings until May 7, but DT already has issued an earnings warning that primarily appears to be connected to mobile market pressures and general economic softness in some of its international markets, including the U.S., U.K. and Poland.

DT is among the first major telcos to adjust earnings expectations while putting some of the blame on overall economic conditions. Other telcos mostly have acknowledged concern about possible effects from the overall economy without actually adjust earnings forecasts. On the brighter side, DT should see some revenue help coming from its recent acquisition of Greece's OTE. Also, the carrier said broadband revenue in its native market has been slightly ahead of expectations.

For more:
- Light Reading Europe has this story

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