Deutsche Telekom Q3 Capex up 8% to $3.2 billion

Deutsche Telekom on Thursday said its Capex (capital spending) rose 8.2 percent in the third quarter of 2013 to $3.2 billion (€2,378 million) compared with the same period last year.

The telecom operator’s nine months Capex increased 26.8 percent to €7.6 billion.

Excluding spectrum payments, the increase in Capex was 13.3 percent in the first nine months and 18.3 percent in the third quarter.

Capex was primarily driven by Deutsche Telekom’s investments in 4G LTE network in the United States, where investments increased by more than 50 percent.

Deutsche Telekom followed a strategy of investing more heavily in building out and modernizing the networks.

The telecom operator has maintained its earlier Capex and revenue forecast for the full year.

Capex plan of Deutsche Telekom Q3

Meanwhile, Deutsche Telekom Q3 revenue rose 6 percent to €15,525 million with a net profit of €588 million. The U.S. market contributed to the revenue growth. Un-carrier strategy followed by T-Mobile US has assisted the telecoms to gain more than a million customers net between July and September in America.

Deutsche Telekom mobile Internet focus

Deutsche Telekom says more than a third of the 1.2 million smartphones sold in the third quarter were LTE-enabled devices in Germany. Mobile data revenue in Germany rose 30.7 percent.

T-Mobile US’s LTE network covered 202 million people at the end of September.

In Europe, the share of mobile data revenues in total mobile revenues grew 3 percent to 17 percent.

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