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Deutsche Telekom hit by British business


Deutsche Telekom hit by British business


Deutsche Telekom says its net loss in the first-quarter was 1.1 billion euros.

That was mostly due to the need to writedown the value of its British mobile phone business T-Mobile by 1.8 billion euros Europe’s biggest telecoms group recently slashed its full-year earnings targets due to weak conditions and tough competition in major markets – especially Britain and the United States.

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