FRANKFURT, Germany – Deutsche Telekom says its net income rose 3.5 percent in the first quarter as the company saw smaller deductions for the depreciation of its U.S. business.
Net profit was 564 million euros ($739 million), up from 545 million euros in the same quarter a year ago. The company said Wednesday it had 0.3 billion euros less in accounting-related reductions related to T-Mobile USA and its merger with MetroPCS.
Otherwise sales and earnings slipped. Revenue fell 4.5 percent to 58.7 billion euros.
At T-Mobile USA, the company made 5.32 billion euros in operating earnings, down 5.6 percent in euro terms, as revenue slipped 8 percent to 15.37 billion euros. The company saw an increase in customers however for the first time in 15 quarters, as it sold 500,000 Apple iPhones.
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