Deutsche Telekom profit hits €793m

Deutsche Telekom saw net profit recover to €793m in the fourth quarter as the telecoms group declared it was “on the offensive” with new investments in higher-speed networks.

Despite the improved net profit, against a loss of €1.34bn last year, global sales declined 1.4% to €14.71bn – and sagged 4.1% in the US market, where the company is trying to turn around its business with the help of a merger with mobile provider MetroPCS Communications.