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Deutsche Telekom close to unveiling T-Mobile fate

DEUTSCHE Telekom yesterday said that its second-quarter core profit and sales were in line with expectations, and that it will present its strategy for T-Mobile UK in the coming weeks.<br /><br />The announcement will end months of speculation over whether the firm will sell its struggling UK operation to one of its competitors.<br /><br />Earnings in the second quarter rose 8.4 per cent to &euro;5.3bn (&pound;4.5bn) on a sales increase of 7.4 per cent to &euro;16.2bn, driven mainly by the consolidation of its stake in Greek telecoms group OTE, in line with analysts expectations.<br /><br />Deutsche&rsquo;s chief executive Rene Obermann reiterated its outlook for the full year, but said that there had been no growth in dollar terms at T-Mobile USA in the second quarter. <br /><br />He said that, while the company was working to change that in the medium turn, &ldquo;the turnaround will not be in the third quarter&rdquo;.