Telecom

Regional News • Europe • Germany
Deutsche Telekom announces more than 100 billion euros of revenue in 2020
Deutsche Telekom logo
Deutsche Telekom logo Credit: Deutsche Telekom

Germany's Deutsche Telekom posted a record-breaking turnover figure on Friday as its US unit T-Mobile continued to drive growth. In 2020, the telecommunications company earned €101 billion, a 25.4% increase compared with the year before.

CEO Tim Höttges said, "We closed a groundbreaking deal in the United States, improved our market position in Europe and at the same time made an important contribution to managing the impact of the coronavirus pandemic with our stable networks."