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T-Mobile International improves results significantly in the first quarter

Bonn, 15 May 2023  
  • T-Mobile International improves results significantly in the first quarter
  • Obermann: T-Mobile is the growth engine of the Deutsche Telekom Group
  • T-Mobile USA has the strongest market growth in the first quarter as well

T-Mobile International continued to record growth figures in the first quarter of 2003. Group revenues increased by 19 percent in comparison with the same period of 2002 to EUR 5.3 billion. Excluding T-Mobile Netherlands, which was fully consolidated for the first time in the fourth quarter of 2002, 
it would have been 15 percent instead of 19 percent. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 
25 percent year-on-year to EUR 1.5 billion. The corresponding EBITDA margin further improved to 28.5 percent. The number of subscribers in the majority shareholdings increased in the same period by 19 percent to 
55.1 million, compared with the fourth quarter of 2002 by 1.2 million.

René Obermann, CEO of T-Mobile International, is pleased that " despite the difficult economic conditions in the last quarter, the company was able to deliver a very positive result. The figures show that we have achieved valuable growth in line with our targets." The strategy has paid off: " We have lived up to our reputation as the growth engine of the Group in the first quarter of 2003 as well. Our goal for the rest of the year is to push data revenue up significantly. The t-zones are just the product to achieve that in all the T-Mobile countries."

Thomas G. Winkler, CFO of T-Mobile International, was also pleased with the result: " In the last quarter, too, we have proven that we can attain growth and increase profitability. We will continue on our set course with determination."

T-Mobile USA
T-Mobile USA is once again the top mobile network operator in the U.S., having acquired 927,000 new subscribers in the first quarter of 2003. 
A subscriber base of 10.8 million represents 45 percent growth compared with the first quarter of the previous year, with 87 percent of all subscribers having fixed-term contracts (postpay customers). Revenue increased by 
24 percent year-on-year to EUR 1.7 billion, and by as much as 52 percent in U.S. dollars. Despite an offsetting exchange-rate trend, EBITDA increased further to EUR 323 million, i.e., three times as much as in the first quarter of 2002. This results in an EBITDA margin of 19 percent. The average monthly revenue per user (ARPU) was US-Dollar 47, higher than both the level of the same quarter of the previous year, and that of the fourth quarter of 2002. Measured in euros, it decreased to EUR 44, due to exchange rate fluctuations.

T-Mobile Germany
T-Mobile Germany increased its number of subscribers by 8 percent to 24.9 million year-on-year. And the proportion of postpay customers increased again slightly to 47 percent. Revenue rose by 11 percent compared with the first quarter of the previous year to EUR 2 billion, EBITDA by 10 percent to EUR 814 million. ARPU remained stable at EUR 23.

T-Mobile UK
Although the streamlining of the subscriber base led to a reduction in the number of subscribers by 234,000 in the UK compared with the end of 2002, at 12.2 million this figure was still 14 percent higher than in the same quarter of the previous year. The number of subscribers in the UK includes Virgin customers. The current proportion of postpay customers now exceeds 19 percent. Revenues of more than EUR 1 billion in the first quarter of 2003 put T-Mobile UK around 13 percent above the comparative value of the previous year. EBITDA increased in this period by as much as 40 percent to EUR 278 million. In local currency the growth was as much as 50 percent. ARPU amounted to EUR 28, around the same level as the same quarter in 2002. In local currency, however, it increased by 12 percent to GBP 19.

T-Mobile Austria
The number of subscribers increased slightly by 2 percent to 2 million, revenue by 8 percent to EUR 273 million and EBITDA by 23 percent to 
EUR 95 million. ARPU rose by 6 percent to EUR 30. 

T-Mobile Czech Republic
T-Mobile Czech Republic increased its number of subscribers to about
3.6 million by March 31. Revenue grew by 10 percent to EUR 180 million, EBITDA even by 18 percent to EUR 90 million, achieving a margin of 50 percent. ARPU was at EUR 15, slightly above the level of the previous year. 

T-Mobile Netherlands
T-Mobile Netherlands introduced the T-Mobile brand in the first quarter of the year. T-Mobile Netherlands acquired 190,000 new subscribers in this quarter alone. The proportion of postpay customers is currently at over 
47 percent. Improvements were made on the prior quarter with revenue of EUR 182 million and ARPU of EUR 34. EBITDA was at EUR -27 million, due to strong customer growth.

Sale of MTS
In April, T-Mobile International sold a combined stake of 15 percent in the Russian mobile network operator MTS and now holds just over 25 percent. The proceeds from the sale of around EUR 500 million will be used to reduce debt.


Key figures of the T-Mobile Group (incl. consolidated subsidiaries) for the 1st quarter of 2003

(Financial figures of T-Mobile including consolidation effect, unaudited)

Customers ('000) Q1/03 Q1/02 Delta Delta %
T-Mobile International 55,137 46,307 8,830 19.0
T-Mobile Germany 24,885 23,038 1,847 8.0
T-Mobile UK 12,212 10,750 1,462 13.6
T-Mobile Austria 2,027 1,985 42 2.1
T-Mobile Czech Republic 3,550 3,033 517 17.0
T-Mobile Netherlands 1,626 n.a. n.a. n.a.
T-Mobile USA 10,837 7,501 3,336 44.5
Sales (Mio. Euro) Q1/03 Q1/02 Delta Delta %
T-Mobile International 5,310 4,465 845 18.9
T-Mobile Germany 1,995 1,796 199 11.1
T-Mobile UK 1,036 920 116 12.6
T-Mobile Austria 273 254 19 7.5
T-Mobile Czech Republic 180 163 17 10.4
T-Mobile Netherlands 182 n.a. n.a. n.a.
T-Mobile USA 1,682 1,357 325 23.9
EBITDA (Mio. Euro) Q1/03 Q1/02 Delta Delta %
T-Mobile International 1,514 1,211 303 25
T-Mobile Germany 814 738 74 10
T-Mobile UK 278 199 79 39.7
T-Mobile Austria 95 77 18 23.4
T-Mobile Czech Republic 90 76 14 18.4
T-Mobile Netherlands -27 n.a. n.a. n.a.
T-Mobile USA 323 106 217 204.7
ARPU (Euro)1) Q1/03 Q1/02 Delta Delta %
T-Mobile Germany 23 23 0 0
T-Mobile UK 28 28 0 0
T-Mobile Austria 30 28 2 7.1
T-Mobile Czech Republic 15 14 1 7.1
T-Mobile Netherlands 34 n.a. n.a. n.a.
T-Mobile USA 44 52 -8 -15.4
SACs per gross add Q1/03 Q1/02 Delta Delta %
T-Mobile Germany 104 96 8 8.3
T-Mobile UK 155 158 -3 -1.9
T-Mobile Austria 122 72 50 69.4
T-Mobile Czech Republic 32 34 -2 -5.9
T-Mobile Netherlands 231 n.a. n.a. n.a.
T-Mobile USA 183 234 -51 -21.8
Blended Churn (in %) Q1/03 Q1/02 Delta Delta %
T-Mobile Germany 1.4 1.6 -0.2
T-Mobile UK 4.2 2.0 2.2
T-Mobile Austria 1.6 3.6 -2.0
T-Mobile Czech Republic 1.2 0.7 0.5
T-Mobile Netherlands 2.2 n.a. n.a.
T-Mobile USA 3.0 4.4 -1,4
1) ARPU contains monthly service fee, as well as voice-, non-voice- and roaming revenues. In contrast to the reporting of some competitors, visitor revenues are not included.

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