Cheap international calling cards Cheap card
Buy phone card
Best rates cards
Your account
1. Choose from and where you'll call
from to
2. Buy a phone card you selected
3. Get your PIN code on e-mail immediately
     

BT Reports 28% Increase in Profits While Deutsche Telekom Flounders


10/11/2006

The United Kingdom`s former telecom monopoly, BT Group, reported an increase in fiscal second-quarter profits this week, thanks in part to its strategy of moving away from the shrinking fixed-line telephone market to focus more attention on broadband internet services.

BT`s profits rose 28% to 475 million pounds (US$904.7 million) in the most recent quarter, in sharp contrast to its German counterpart, Deutsche Telekom, whose profits were off by 20% to 1.95 billion Euros (US$2.49 billion).

Deutsche Telekom, which remains Europe`s largest telephone carrier, has focused almost exclusively on its numerous wireless business. The saturated nature of Europe`s cell phone market, however, is preventing the carrier from achieving its wireless sales targets, while its fixed-line telephone business erodes faster than ever before.

This isn’t an industry with impressive growth numbers, said Boris Boehm, a fund manager with Hamburg-based, which owns a significant stake in the German telephone giant. Deutsche Telekom’s future is all about whether they can save money and reorganize the fixed-line business.

Deutsche Telekom is currently the second worst performing stock in the Bloomberg Europe Telecommunication Services Index, and has declined 4.7% over the course of this year. London-based BT, meanwhile, is the Index`s sixth best performer, and has surged by almost 30% since the beginning of January.



 

Related News

 
Deutsche Telekom CEO Refuses to Entertain T-Mobile Sale Suggestions
14/06/2007
Deutsche Telekom’s Chief Executive, Rene Obermann, has dismissed suggestions that T-Mobile USA should be sold off, stating that the American wireless business is crucial to his company’s long-term success strategy.Obermann said that selling T-Mobile would...
 
Cogeco Cable Posts Huge Increase in Revenue, Profits
11/07/2007
Canadian cable giant, Cogeco Cable, has announced a 56.3% increase in sales during its third quarter, with total revenues of $240.6 million. Net income increased to an even $20 million, or 53% higher than the same three-month period last year.Cogeco lost a net total of...
 
Qwest Reports Higher Profits, Weaker Revenue
02/08/2007
Qwest Communications has reported a surge in second-quarter profits, as sharply reduced operating costs offset flat overall revenue.Net income more than doubled to $246 million, or $0.13, compared to just $117 million in the same three-month period a year earlier. This...
 
Telus Reports 28% Increase in Third-Quarter Profit
05/11/2007
Western Canada’s leading telecom provider, Telus Corp., posted a 28% jump in third-quarter profits on Friday, thanks to continued growth in its wireless and broadband divisions.The Vancouver-based company generated a net profit of $410 million, or $1.24/sher, in...
 

Best rates calling cards from:

Albania
Angola
Argentina
Armenia
Australia
Austria
Belarus
Belgium
Bermuda
Bolivia
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Canada
Chile
China
Colombia
Costa Rica
Croatia
Cuba Guantanamo
Cyprus
Czech Rep.
Denmark
Dominica
Ecuador
Egypt
El Salvador
Estonia
Fiji Isl.
Finland
France
French Antilles
French Guiana
Georgia
Germany
Ghana
Gibraltar
Greece
Guadeloupe
Guam
Guatemala
Haiti
Hong Kong
Hungary
Iceland
India
Indonesia
Iraq
Ireland
Israel
Italy
Ivory Coast
Jamaica
Japan
Kazakhstan
Kenya
Korea South
Kuwait
Latvia
Liechtenstein
Lithuania
Luxembourg
Macao
Macedonia
Malawi
Malaysia
Malta
Mauritius
Mexico
Monaco
Nepal
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Palestine
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Romania
Russia
Saudi Arabia
Senegal
Serbia
Singapore
Slovakia
South Africa
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Turkey
Uganda
United Kingdom
Ukraine
Uruguay
Unated States
Uzbekistan
Vatican
Venezuela
Yemen
Zambia
Zimbabwe
Home | News | Legal | References | Help | Feedback | Account | Order card | Country codes | Best rates Copyright © 2008 CheapCard.org