The CEO of Deutsche Telekom said the operator is not planning for any major acquisitions in Europe as it unveiled a good set of Q2 financials.
The operator is awaiting regulatory approval for the sale of its stake in EE to BT and acquired the remaining 49 percent stake in Slovak Telekom that it did not already own, but Tim Höttges said there were no plans for any other major activity on the continent.
Group revenues rose by 15.3 percent year-on-year to €17.4 billion in the three months to June, while EBITDA increased 13.5 percent to €5 billion.
Net profit rose just 0.1 percent to €1.1 billion.
In Germany, revenues increased by 2.1 percent to €5.6 billion as customer numbers rose.
For example, the number of retail broadband customers increased by 81,000 in the quarter, the strongest rise in more than three years.
DT is now upping the number of net retail broadband additions it is expecting to attract in 2015 as a whole from 100,000 to 250,000.
In the rest of Europe, revenues were down 0.9 percent to €3.2 billion.
DT said competition had been intense, but losses in customer numbers of mobile and fixed telephony were offset by increases in those of broadband and TV customers.
Höttges specifically mentioned Greece, given the recent economic upheaval. The CEO said it was important for the operator to give “direction” to the staff there. “They’ve worked hard to counteract uncertainty,” Höttges said.
However, the CEO said the upheaval had had no impact on DT’s financials as capital controls were only implemented towards the end of the quarter.
He added there were no plans to change strategy and even claimed perception of the OTE brand had improved.
In the US, revenues grew by 13.7 percent to $8.2 billion (€7.5 billion) as the customer base grew by 2.1 million meaning it has overtaken Sprint to be the number three operator in the country.
Revenues at T-Systems were down one percent to €2.2 billion.
Group net debt rose 18 percent to €48.8 billion, while capex rose by 10 percent to €4.3 billion.
Höttges said: "We have emphatically confirmed the strong figures from the first quarter.
“The transformation of the Group is continuing at full speed in all areas. We are heading in the right direction."