Deutsche Telekom posted a net loss for 2002 of EUR 24.6 billion. Much of the loss was attributed to the company's strategic review in Q3 2002, in which it reported write-downs of EUR 18 billion for T-Mobile USA, as well as additional charges for UMTS licenses in the UK and Holland. Some other highlights of the report:
- Group revenue increased 11% to EUR 53.7 billion for 2002. For Q4, group revenue was EUR 14.5 billion, up 9% compared to the same period a year earlier.
As of the end of 2002, Deutsche Telekom's net debt stood at EUR 61.1 billion, down by EUR 2.9 billion for the year.
So far, the company has sold off EUR 4.4 billion in assets. Its de-leveraging program targets EUR 6.2 to 8.5 billion in asset sales.
Staff reductions are underway with some 10,000 personnel reductions planned for 2003. These include 4,500 transfers in February to the new Personnel Services Agency.
The T-Com division had 3.3 million DSL contracts sold, as of 28-February-2003. Some 22.4 million ISDN channels remained in service as of the end of 2002, an increase from 20.4 million a year earlier. T-Com's domestic revenue for 2002 declined 1.3% for 2002, but appears to be stabilizing given the increase in access revenue and in calling revenue.
T-Mobile USA was the fastest growing wireless carrier in the US for 2002 with 2.9 million net additions, giving it a total of 9.9 million users. The company said ARPU levels are holding steady and customer churn and bad debt issue are under control.
For T-Mobile worldwide, the number of subscribers served by T-Mobile majority shareholdings increased from 46.7 million to 53.9 million in 2002.
T-Systems reported EUR 11.3 billion in revenue, a decline of 4.9% for the year.
T-Online now reaches 12.2 million subscribers, of which 10 million are in Germany. About 2.7 million T-Online subscribers are using DSL. The division posted EUR 1.8 billion in revenue for the year, a 26% increase.
