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

Related articles
DT posted a net loss in the fourth quarter of 2008
DT has been among carriers pushing toward 100G

Suggested Articles

Tech Mahindra announced on Tuesday the launch of a dedicated Google Cloud Center of Excellence to help drive enterprises' digital transformations.

Juniper's enterprise and cloud divisions carried the day during the company's Monday earnings, which offset weakness in the service provider sector.

Arista Networks beat out some big names in its deal to buy Big Switch Networks, which came to light last week.