May 9, 2018 / 5:01 AM / 17 days ago

Deutsche Telekom raises EBITDA guidance as T-Mobile US performs

FRANKFURT, May 9 (Reuters) - Deutsche Telekom, Europe’s largest telecoms firm, nudged up its forecast for core earnings this year on a strong showing by its T-Mobile US unit, which has agreed to take over Sprint Corp.

Bonn-based Deutsche Telekom said on Wednesday it now expected adjusted earnings before interest, taxation depreciation and amortisation (EBITDA) of 23.3 billion euros ($27.6 billion), just up from its prior expectation of 23.2 billion. ($1 = 0.8436 euros) (Reporting by Douglas Busvine Editing by Maria Sheahan)

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