Deutsche Telekom (NYSE: DT) has released its Q307 earnings showing total revenue increase by 1.4 percent year-on-year to 15,693 million euros (US$23 billion), with increases in the mobile business offsetting decreases elsewhere. Globally, DT saw its number of mobile customers increase by over 7 million compared with the end of 2006, to 113.7 million. Mobile revenue for the quarter increased 8.6 percent year-on-year to 8,875 million euros (US$13 billion), and the number of people using web’n'walk (T-Mobile’s mobile internet service) in Europe increased by 413,000 in the quarter, bringing the total to 2.8 million. Revenues from mobile Internet and data use surged 42 percent year-on-year in the first three quarters to EUR 1.4 billion (I can’t find a quarterly statistic). T-Mobile Germany saw strong customer growth in the first three quarters of the year but stronger price competition, meaning revenue was down 2.7 percent year-on-year. The number of mobile customers internationally rose by around 4.2 million in total during the first three quarters of the year. 3.7 million of these were contract customers. This growth was also reflected in T-Mobile’s revenue, with all national companies except for Germany increasing their revenue by 14.3 percent year-on-year to a total of 20.1 billion euro (US$29.5 billion) in the first three quarters.

From the conference call, the decline in mobile revenue in Germany was due to the roaming price decreases imposed on the industry, which had double digit impacts. Also, the price for a minute of mobile calls came down quite aggressively, although minute use was up 10 percent year-on-year.

On a constant exchange rate revenues would have been 0.8 billion higher, for a growth of 4.4 percent. Apart from that DT doesn’t see much of a threat in a US economy weakened by the sub-prime lending fiasco, and added 857,000 customers in the US in Q3 this year.

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