BONN (Thomson Financial) – The German Telekom AG is raising its forecast for the current year confirmed. Accordingly, the Bonn’s DAX Group for 2010 to continue to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of around EUR 20 billion and a free Cash flow of approximately EUR 6.2 billion from as CEO René Obermann said on Wednesday.
The outlook includes information previously submitted to the daughter T-Mobile UK for the entire year as a fully consolidated company. Telekom wants T-Mobile UK in a joint venture with the France Telecom subsidiary Orange UK contribute. The European Commission had the Project in early March approved subject to conditions.
Telekom said on Wednesday also free up cash flow In 2012 will increase compared to 2010th The return on investment will climb to at least 150 basis points.
Website: www.telekom.com
DJG / phg / jhe
END) Dow Jones Newswires
March 17, 2010 09:32 ET (13:32 GMT)
Copyright (c) 2010 Dow Jones & Company, Inc
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Wednesday, March 17th, 2010 at 6:17 pm
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