Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
(AP) - U.S. REBOUND: Deutsche Telekom AG reported its net income rose 10 percent in the second quarter, boosted by its U.S. business adding "droves" of new customers.
SPENDING BOOST: The company cut its profit target for the year due to the extra spending on marketing and other expenses tied with the increase in business in the U.S. MetroPCS merged with Telekom's U.S. business in May to form T-Mobile US.
SIGNING UP: The company said its U.S. business added 688,000 customers under branded contract plans, the most lucrative kind for phone companies, in the April-June quarter, compared with a loss of 557,000 in the year-ago quarter.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)







