German telecoms giant Deutsche Telekom (DT) has released its financial results for the three- and six-month periods ended 30 June 2012, with the company reporting relatively stable turnover bolstered by what it said were ‘positive net exchange rate effects of around EUR400 million (USD519 million), primarily from the translation of US dollars into euros’. For the first half of 2012 DT reported group revenue of EUR28.811 billion, down by 0.9% year-on-year compared to the same period of 2011, with turnover for the second quarter coming in at EUR14.379 billion, representing a 0.7% drop against 2Q11. DT noted that the development of pay-TV services and increased revenue from mobile data services had proved positive factors over the six-month period, while it pointed to decline in turnover from voice telephony, price changes imposed by regulatory authorities and intense competitive pressure as those issues exerting a downward pressure on revenue
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OVETEL DT reports stable revenue as pay-TV and mobile data offset decline in voice
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