Deutsche Telekom on Wednesday said its investment in telecom networks or Capex increased 22.5 percent to 2.5 billion euros in Q1 2015.

The German telecom service provider invested around EUR 950 million in Germany alone.

Deutsche Telekom said its Q1 2015 revenue rose 4.7 percent to 16.8 billion euros.

Timotheus Hottges, CEO of Deutsche Telekom, said: “It has been some time since we have seen positive indications for revenue and earnings in our industry. Our strategy with strong investment is paying off.”

Deutsche Telekom said there will be no change in its revenue and Capex for the full year.

In Germany, the number of fiber-optic based VDSL and FTTH lines increased by 463,000 or 70 percent in the first quarter to almost three million. The number of broadband lines increased by 76,000 in the first three months of 2015.

While mobile service revenues increased 2.8 percent in Germany, the number of LTE 4G customers increased to more than 6.4 million – driven by the launch of Apple iPhone 6 smartphone.

T-Mobile US revenue increased 11.7 percent to $7.7 billion. With 1.8 million net additions, the customer base was up by almost 7.8 million.

T-Mobile US revised upwards its expectations for customer growth in 2015. The company now expects an increase in branded postpaid customers of between 3 and 3.5 million, up from the previous guidance of 2.2 to 3.2 million, said Deutsche Telekom.

Baburajan K
[email protected]