November 10, 2014 / 7:06 AM / 5 years ago

Telefonica Deutschland Q3 core profit drops on marketing costs

FRANKFURT, Nov 10 (Reuters) - Telefonica Deutschland reported a 15-percent drop in quarterly core earnings as it increased spending on marketing to lure subscribers in a highly competitive German mobile phone market.

The company, controlled by Spain’s Telefonica, reported on Monday a decline in fiscal third-quarter operating income before depreciation and amortisation (OIBDA) excluding special items to 248 million euros ($309.40 million). That was below analysts’ mean forecast for 251 million in a Reuters poll.

Telefonica Deutschland has bought the German business of Dutch peer KPN, which operates under the E-Plus brand, to create Germany’s largest telecoms operator in terms of customers.

Including E-Plus, Telefonica Deutschland expects fourth-quarter OIBDA, excluding special items to be slightly lower than 350 million euros and expects revenues of around 2 billion euros. ($1 = 0.8015 euro) (Reporting by Harro ten Wolde; Editing by Maria Sheahan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below