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rdf:type	schema:NewsArticle
schema:articleBody	German telecoms operator Deutsche Telekom said Friday it had defied the coronavirus pandemic to post record revenues last year thanks to its acquisition of US rival Sprint. The Bonn-based company said revenue jumped 25.4 percent to 101 billion euros ($122 billion) in 2020, surpassing the 100-billion-euro mark for the first time in the company's history. "We made history in 2020," said CEO Tim Hoettges in a statement, adding that Deutsche Telekom had "closed a groundbreaking deal in the United States" and "improved our market position in Europe". The $26-billion merger between Deutsche Telekom's US unit T-Mobile and Sprint was completed in April. Adjusted operating profit (EBITDA) soared 41.6 percent to 35 billion euros in 2020, with the group expecting a further rise to 37 billion euros this year. Meanwhile, adjusted net profit increased 15.5 percent to 5.7 billion euros. Boosted by the acquisition of Sprint, Telekom's US arm T-Mobile was the driving force behind the strong performance, with a 93 percent increase in adjusted operating profit to $24 billion. Yet the group was hit by the coronavirus pandemic in Europe, where it said "business was impeded by shop closures and travel restrictions". kih/dlc/bmm
schema:headline	US merger helps Deutsche Telekom to record revenues in 2020
schema:mentions	T-Mobile US Chief executive officer European Union Pandemic United States Severe acute respiratory syndrome coronavirus 2 Deutsche Telekom Earnings before interest, taxes, depreciation, and amortization
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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