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German network operator Deutsche Telekom on Thursday confirmed its 2019 outlook after almost doubling profits in the second quarter, as its American mobile arm again saw surging customer numbers.
In April-June, Telekom booked an increase in net profit of 91 percent year-on-year, to 944 million euros ($1.1 million).
The comparison to 2018's second quarter was distorted by a huge one-off payment to the German government last year over road toll business Toll Collect.
Operating, or underlying profit was stable, at 2.35 billion euros, on the back of revenues up 7.1 percent at 19.6 billion.
Telekom managed to outperform on revenue but fall short on profitability compared with expectations from analysts surveyed by Factset.
US mobile arm T-Mobile was once again the growth driver for the group, adding 1.8 million net customers in April-June to top 83 million.
It has now secured the go-ahead from American authorities to merge with competitor Sprint, creating a number-three firm in the market with the scale to compete with leaders Verizon and AT&T.

Copyright Agence France-Presse, 2019

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