Deutsche Telekom: Q1 Net Income Unchanged

PARIS (04/19/2000) - Deutsche Telekom AG has maintained its level of income despite increases in competition and a reduction in call charges in its home market, the company announced today.

Excluding extraordinary charges and gains, preliminary figures for net income for the first quarter, which ended March 31, remained unchanged compared to the same period one year earlier, at 500 million euros (US$476 million), the company said in a written statement.

But after inclusion of proceeds from the sale of Global One, Deutsche Telekom's former joint venture with France Télécom SA and Sprint Corp. and its acquisition of mobile phone networks One 2 One in the U.K. and max.mobil in Austria and the French fixed-line telecommunications operator Siris, net income was 1.9 billion euros, according to the statement.

Deutsche Telekom, in Bonn, can be reached at +49-228-181-4949, or at http://www.telekom.de.

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