T-Mobile USA Reports Third Quarter 2004 Results
BELLEVUE, Wash.--(BUSINESS WIRE)--Nov. 11, 2004--T-Mobile USA,
Inc. (NYSE: - DT):
- 901,000 net new customers added in Q3 2004
- Net new customers totaled 3.2 million during the first three
quarters of 2004, up from 2.2 million for the first three
quarters of 2003
- $788 million in Operating Income Before Depreciation and
Amortization (OIBDA) in Q3 2004, reaching a record OIBDA
margin of 30%
- Net Income of $254 million in Q3 2004
T-Mobile USA, Inc. ("T-Mobile USA") the U.S. operation of T-Mobile
International AG & Co. KG ("T-Mobile International"), the mobile
communications subsidiary of Deutsche Telekom AG ("Deutsche Telekom")
(NYSE: DT), today announced third quarter 2004 results. All financial
amounts are in USD and are based on accounting principles generally
accepted in the United States ("GAAP") in order to provide
comparability with the results of other U.S. wireless carriers.
T-Mobile USA results are included in the consolidated results of
Deutsche Telekom, but differ from the information contained herein as
Deutsche Telekom reports its financial results in accordance with
German generally accepted accounting principles.
In the third quarter of 2004, T-Mobile USA added 901,000 net new
customers, compared with 1,092,000 added in the second quarter of 2004
and 670,000 in the third quarter of 2003. About 90% of the growth in
the third quarter of 2004 came from new postpay customers, which
currently comprise 89% of the customer base.
"This has been an award winning quarter for T-Mobile USA," said
Robert Dotson, President and CEO of T-Mobile USA. "J.D. Power and
Associates, in several 2004 regional and national studies announced
this past quarter, ranked T-Mobile highest in Customer Care
Performance, Wireless Call Quality, Wireless Retail Satisfaction, and
overall Customer Satisfaction for Wireless Telephone Users, all of
which speaks strongly to our ability to deliver a quality customer
experience across all parts of our operation. Our ongoing commitment
to quality and value was the key to attracting the 901,000 net new
customers we added this past quarter and in increasing our customer
base by more than 24% since the first of the year."
T-Mobile USA reported OIBDA of $788 million in the third quarter
of 2004, up from $717 million in the second quarter of 2004 and $461
million in the third quarter of 2003. OIBDA margin (OIBDA divided by
service revenues) was 30% in the third quarter of 2004, compared to
29% in the second quarter of 2004 and 24% in the third quarter of
2003. T-Mobile USA's net income for the third quarter of 2004 was $254
million, improved from $240 million net income in the second quarter
of 2004 and a $39 million net loss in the third quarter of 2003.
"T-Mobile USA continues to effectively balance strong customer
growth with solid financial results," said Rene Obermann, CEO of
T-Mobile International and Member of the Board of Management, Deutsche
Telekom. "OIBDA of $788 million this past quarter represents a 10%
sequential increase from an already strong second quarter and a 71%
improvement from the third quarter of 2003. This continued OIBDA
improvement was achieved even with a 35% increase in the T-Mobile USA
customer base over the past 12 months."
T-Mobile USA service revenues, which consist of postpay, prepaid,
and roaming and other service revenues, were $2.61 billion in the
third quarter of 2004, up from $2.46 billion in the second quarter of
2004 and $1.90 billion in the third quarter of 2003. In addition to
high customer growth, revenue increases in 2004 reflect inclusion of
two new components compared to 2003: Universal Service Fund ("USF")
recovery fees and regulatory cost recovery fees. Both items are
explained further in the footnotes to Selected Data, below.
Average Revenue Per User ("ARPU", as defined in the footnotes to
the Selected Data, below) was $55 in the third quarter of 2004,
consistent with $55 in the second quarter of 2004 and up from $54 in
the third quarter of 2003. (After adjusting for USF and regulatory
cost recovery fees, total ARPU was approximately the same in the third
quarter 2003 as the third quarter of 2004.) Excluding the impact of
USF and regulatory fees, postpay ARPU has trended upward for the past
year, largely due to the ongoing growth of data services revenue,
which now comprises 5.6% of postpay ARPU, compared to 5.0% in the
second quarter of 2004 and 2.7% in the third quarter of 2003.
Postpay churn averaged 2.6% per month in the third quarter of
2004, up from 2.4% in the second quarter of 2004, and down from 2.7%
in the third quarter of 2003. Blended churn, a mix of postpay and
prepaid customers, was 3.0% in the third quarter of 2004, up from 2.8%
in the second quarter of 2004 and down from 3.3% in the third quarter
of 2003. The sequential increase in churn is primarily the result of
an increase in the volume of postpay customers reaching their one-year
service anniversaries.
The average cost of acquiring a customer, Cost Per Gross Add
("CPGA", as defined in the footnotes to the Selected Data, below) was
$301 in the third quarter of 2004, down from $318 in the second
quarter of 2004, and $334 in the third quarter of 2003. The sequential
improvement in CPGA is due to a number of factors, the most
significant of which is lower dealer compensation.
The average cash cost of serving customers, Cash Cost Per User
("CCPU", as defined in the footnotes to the Selected Data, below), was
$24 per customer per month in the third quarter of 2004, an increase
from $23 in the second quarter of 2004 and consistent with $24 in the
third quarter of 2003. The sequential increase in CCPU is due to an
increase in customer support and retention costs. (After adjusting for
USF fees, CCPU would have been $1 higher in the third quarter of 2003
compared to the third quarter of 2004.)
Capital expenditures were $453 million in the third quarter of
2004, down from $664 million in the second quarter of 2004 and up from
$407 million in the third quarter of 2003. These capital expenditure
totals do not include our share of investment in the network
operations venture with Cingular Wireless LLC ("Cingular") in New
York, California and Nevada, which is reported as investments in and
advances to unconsolidated affiliates. T-Mobile USA's share of
expenditures, on an accrual basis, in this venture was $124 million in
the third quarter of 2004, down from $267 million in the second
quarter. Capital expenditures continue to be focused on quality and
capacity improvements in the GSM/GPRS network. Through the first three
quarters of 2004, T-Mobile USA has added over 2,150 new cell sites,
bringing the number of total cell sites to over 29,000, including
sites in California and Nevada.
In addition to the results prepared in accordance with GAAP
provided throughout this press release, non-GAAP financial measures
are also included. The non-GAAP financial measures should be
considered in addition to, but not as a substitute for, the
information provided in accordance with GAAP. Reconciliation from the
non-GAAP financial measures to the most directly comparable GAAP
financial measures is provided below following Selected Data and the
financial statements.
GET MORE HIGHLIGHTS
Get More Service...Excellence!!
T-Mobile USA's ongoing commitment to providing excellent customer
satisfaction earned the company highest honors in several independent
studies announced by J.D. Power and Associates beginning in the third
quarter:
- In July, T-Mobile was ranked highest among national carriers,
by a significant margin, in the 2004 Customer Care Performance
Study.
- In August, T-Mobile ranked highest in the 2004 Wireless Call
Quality Performance Study in the Southeast and Southwest
regions, and ranked highly overall in the study.
- In September, the 2004 U.S. Wireless Regional Customer
Satisfaction Index Study ranked T-Mobile highest in all six
geographic regions. According to J.D. Power, T-Mobile
performed particularly well by demonstrating a competitive
advantage in customer service, service plan options, cost of
service and billing.
- In early fourth quarter, T-Mobile USA ranked highest out of
the seven national wireless carriers in the Wireless Retail
Satisfaction Performance Study.
Delivering First-Of-Its-Kind Converged Wireless Devices:
T-Mobile USA continued its leadership position in the third
quarter by delivering first-of-its kind converged wireless devices
that offer customers better ways to communicate:
- Building on the success of the first T-Mobile Sidekick, the
company introduced the T-Mobile Sidekick II, which is already
a hit with sports, television, film and music celebrities
across the country.
- T-Mobile launched the exclusive RIM BlackBerry 7100t phone, a
breakthrough innovation that packs all of the power of
BlackBerry into a traditional phone design.
- T-Mobile introduced the HP iPAQ h6315 Pocket PC taking
advantage of T-Mobile's national GSM/GPRS wireless voice and
high-speed data network, as well as the T-Mobile HotSpot Wi-Fi
Internet service.
We Are Now In Even More "Places You Already Go":
T-Mobile USA continued its wireless broadband leadership by
expanding its T-Mobile HotSpot Wi-Fi network to over 5,000 locations
thanks, in part, to a new partnership with Accor Hotels. T-Mobile
HotSpot customers can also use their service in thousands of locations
across Europe and Asia Pacific. The company is the only U.S. carrier
to implement the 802.1x security standard across its network,
reinforcing its emphasis on delivering a national carrier grade Wi-Fi
network.
SELECTED DATA FOR T-MOBILE USA
(`000) YTD 04 Q3 04 Q2 04 Q1 04 YTD 03 Q3 03
----------------------------------------------------------------------
Covered
population 226,000 226,000 224,000 224,000 224,000 224,000
----------------------------------------------------------------------
Customers, end of
period 16,295 16,295 15,394 14,302 12,113 12,113
----------------------------------------------------------------------
thereof
postpay
customers 14,528 14,528 13,720 12,784 10,805 10,805
----------------------------------------------------------------------
thereof
prepaid
customers 1,767 1,767 1,674 1,518 1,308 1,308
----------------------------------------------------------------------
Net customer
additions 3,167 901 1,092 1,174 2,197 670
----------------------------------------------------------------------
----------------------------------------------------------------------
Minutes of
use/post pay
customer/month 867 908 885 817 746 778
----------------------------------------------------------------------
Postpaid churn 2.5% 2.6% 2.4% 2.6% 2.4% 2.7%
----------------------------------------------------------------------
Blended churn 3.0% 3.0% 2.8% 3.0% 3.1% 3.3%
----------------------------------------------------------------------
($ / month)
----------------------------------------------------------------------
ARPU (blended)(1) 55 55 55 54 52 54
----------------------------------------------------------------------
ARPU (postpay) 55 56 55 54 52 53
----------------------------------------------------------------------
Cost of serving
(CCPU)(2) 24 24 23 23 23 24
----------------------------------------------------------------------
Cost per gross
add (CPGA)(3) 315 301 318 326 322 334
----------------------------------------------------------------------
($ million)
----------------------------------------------------------------------
Total revenues 8,441 3,035 2,809 2,597 6,003 2,216
----------------------------------------------------------------------
Service
revenues(4) 7,284 2,612 2,464 2,208 5,234 1,902
----------------------------------------------------------------------
OIBDA(5) 1,997 788 717 492 1,269 461
----------------------------------------------------------------------
OIBDA margin to
service revenues 27% 30% 29% 22% 24% 24%
----------------------------------------------------------------------
Capital
expenditures(6) 1,716 453 664 599 1,187 407
----------------------------------------------------------------------
----------------------------------------------------------------------
Cell sites
on-air(7) 29,056 29,056 28,803 27,857 25,455 25,455
----------------------------------------------------------------------
Because all companies do not calculate these figures in the same
manner, the information contained in this presentation may not be
comparable to other similarly titled measures reported by other
companies.
(1) Average Revenue Per User ("ARPU") represents the average monthly
service revenue we earn from our customers. ARPU is calculated by
dividing total service revenues for the specified period by the
average customers during the period and further dividing by the
number of months in the period.
Blended ARPU in the third, second and first quarters of 2004
includes $0.86, $0.86 and $0.89, respectively, representing fees
charged to our customers each quarter and remitted under the
Universal Services Fund ("USF") provision of the
Telecommunications Act of 1996. We previously netted these fees in
our financial statements. Reporting such amounts separately as
revenues and network operating expenses has no impact on our
operating income, OIBDA or net income. Had we recorded USF fees
separately as revenues and expenses in 2003, blended ARPU would
have been approximately $1 higher per quarter for the year.
Also, blended ARPU in the third, second and first quarters of 2004
includes $0.78, $0.81 and $0.54, respectively, representing
regulatory cost recovery fees we began including on postpay
customer bills during the first quarter. The postpay fee has been
fixed at $0.86 per month since the first quarter.
(2) The average cash cost of serving customers, or Cash Cost Per User
("CCPU") is a non-GAAP financial measure and includes all network
and general and administrative costs as well as the subsidy loss
on equipment (handsets and accessories) sales unrelated to
customer acquisition. This measure is calculated as a per month
average by dividing the total costs for the specified period by
the average total customers during the period and further dividing
by the number of months in the period. We believe that CCPU, which
is a measure of the costs of serving a customer, provides relevant
and useful information to our investors and is used by our
management to evaluate the operating performance of our
consolidated operations. As noted above, our 2004 revenues and
network operating expenses include USF fees. Inclusion of these
fees in network operating expenses increased CCPU during the
third, second and first quarters of 2004 by $0.86, $0.86 and
$0.89, respectively. Had we reported USF fees similarly in 2003,
CCPU would have been approximately $1 higher each quarter.
(3) Cost Per Gross Add ("CPGA") is a non-GAAP financial measure and is
calculated by dividing the costs of acquiring a new customer,
consisting of customer acquisition costs plus the subsidy loss on
equipment (handsets and accessories) sales related to customer
acquisition for the specified period, divided by gross customers
added during the period. We believe that CPGA, which is a measure
of the cost of acquiring a customer, provides relevant and useful
information to our investors and is used by our management to
evaluate the operating performance of our consolidated operations.
(4) Service revenues include post pay, prepaid, and roaming and other
service revenues.
(5) OIBDA is a non-GAAP financial measure, which we define as
operating income before depreciation and amortization. In a
capital-intensive industry such as wireless telecommunications, we
believe OIBDA, as well as the associated percentage margin
calculations, to be meaningful measures of our operating
performance. OIBDA should not be construed as an alternative to
operating income or net income as determined in accordance with
GAAP, as an alternative to cash flows from operating activities as
determined in accordance with GAAP or as a measure of liquidity.
We use OIBDA as an integral part of our planning and internal
financial reporting processes, to evaluate the performance of our
senior management and to compare our performance with that of many
of our competitors. We believe that operating income is the
financial measure calculated and presented in accordance with GAAP
that is the most directly comparable to OIBDA.
(6) Excludes our investment to fund capital expenditures in the
network infrastructure venture with Cingular Wireless LLC
("Cingular"). We and Cingular share in the ownership and operation
of the network in the New York City area, most of California and
parts of Nevada. Network capital expenditures in these areas are
shared between the parties. Our share of these capital
expenditures is reflected as part of the accompanying Condensed
Consolidated Balance Sheet and Condensed Consolidated Statement of
Cash Flows in the line "Investments in and advances to
unconsolidated affiliates."
(7) Includes sites in New York, California and Nevada owned and
operated by our network infrastructure venture with Cingular.
T-MOBILE USA
Condensed Consolidated Balance Sheets
(dollars in millions)
(unaudited)
September December
30, 31,
2004 2003
------------------
ASSETS
Current assets:
Cash and cash equivalents $ 108 $ 148
Accounts receivable, net of allowance for doubtful
accounts of $144 and $151, respectively 1,538 1,268
Inventory 698 291
Other current assets 330 421
------------------
2,674 2,128
Property and equipment, net of accumulated
depreciation of $3,027 and $2,416, respectively 6,439 6,087
Goodwill 10,689 10,689
Spectrum licenses 11,048 11,039
Other intangible assets, net of accumulated
amortization of $779 and $657, respectively 46 168
Investments in and advances to unconsolidated
affiliates 1,178 758
Other assets and investments 180 195
------------------
$ 32,254 $ 31,064
==================
LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
Accounts payable $ 565 $ 537
Accrued liabilities 1,097 845
Deferred revenue 331 276
Construction accounts payable 259 781
------------------
2,252 2,439
Long-term debt 17 17
Long-term notes payable to affiliates 9,193 8,243
Deferred tax liabilities 3,503 3,410
Other long-term liabilities 218 232
------------------
Total long-term liabilities other
than shares 12,931 11,902
Voting preferred stock 5,000 5,000
------------------
Total long-term liabilities 17,931 16,902
------------------
Commitments and contingencies
Shareholder's equity:
Common Stock 35,440 35,440
Deferred stock compensation (5) (15)
Accumulated deficit (23,364) (23,702)
------------------
Total shareholder's equity 12,071 11,723
------------------
$ 32,254 $ 31,064
==================
T-MOBILE USA
Condensed Consolidated Statements of Operations
(dollars in millions)
(unaudited)
Quarter Quarter Year to Year to
Ended Ended date date
Sep. 30, Sep. 30, Sep. 30, Sep. 30,
2004 2003 2004 2003
----------------------------------
Revenues:
Post pay $2,370 $1,678 $6,567 $4,592
Prepaid 144 133 415 408
Roaming and other services 98 90 302 233
Equipment sales 388 289 1,067 705
Affiliate and other 35 26 90 65
----------------------------------
Total revenues 3,035 2,216 8,441 6,003
----------------------------------
Operating expenses:
Network 556 372 1,540 1,046
Cost of equipment sales 573 428 1,594 1,070
General and administrative 496 406 1,372 1,128
Customer acquisition 622 549 1,938 1,489
Depreciation and amortization 295 354 1,008 1,048
----------------------------------
Total operating expenses 2,542 2,109 7,452 5,781
----------------------------------
Operating income 493 107 989 222
Other income (expense):
Interest expense (175) (95) (432) (415)
Equity in net losses of
unconsolidated affiliates (34) (26) (119) (66)
Interest income and other, net - (1) (8) (44)
----------------------------------
Total other income (expense) (209) (122) (559) (525)
----------------------------------
Income (loss) before income taxes 284 (15) 430 (303)
Deferred income tax expense (30) (24) (93) (82)
----------------------------------
Net income (loss) $ 254 $ (39) $ 337 $ (385)
==================================
T-MOBILE USA
Condensed Consolidated Statements of Cash Flows
(dollars in millions)
(unaudited)
Year to Year to
Date Date
Sep. 30, Sep. 30,
2004 2003
-----------------
Operating activities:
Net income (loss) $ 337 $ (385)
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 1,008 1,048
Deferred income tax expense 93 82
Amortization of debt discount and premium,
net (23) (8)
Equity in net losses of unconsolidated
affiliates 119 66
Stock-based compensation 10 14
Allowance for bad debts (7) 8
Other, net (9) (2)
Changes in operating assets and liabilities:
Accounts receivable (262) (154)
Inventory (408) 83
Other current assets 158 (4)
Accounts payable 116 (45)
Accrued liabilities 244 160
-----------------
Net cash provided by operating activities 1,376 863
-----------------
Investing activities:
Purchases of property and equipment (1,716) (1,187)
Acquisitions of wireless properties, net of cash
acquired (2) (8)
Investments in and advances to unconsolidated
affiliates, net (539) (245)
Other, net (1) (7)
-----------------
Net cash used in investing activities (2,258) (1,447)
-----------------
Financing activities:
Long-term debt repayments - (4,430)
Long-term debt borrowings from affiliates, net 930 2,227
Equity increase - 3,000
Book overdraft (88) (65)
Other, net 10
-----------------
Net cash provided by financing activities 842 742
-----------------
Change in cash and cash equivalents (40) 158
Cash and cash equivalents, beginning of period 148 37
-----------------
Cash and cash equivalents, end of period $ 108 $ 195
=================
T-MOBILE USA
Reconciliation of Non-GAAP Financial Measures to GAAP Financial
Measures
(dollars in millions, except for CPGA and CCPU)
(unaudited)
OIBDA can be reconciled to our operating income as follows:
YTD Q3 Q2 Q1 YTD Q3
--- -- -- -- --- --
2004 2004 2004 2004 2003 2003
------- ---- ----- ----- ------- -----
OIBDA $1,997 $788 $717 $492 $1,269 $461
Depreciation and amortization (1,008) (295) (333) (380) (1,047) (354)
---------------------------------------
Operating income $989 $493 $384 $112 $222 $107
=======================================
The following schedule reflects the CPGA calculation and provides a
reconciliation of cost of acquiring customers used for the CPGA
calculation to customer acquisition costs reported on our condensed
consolidated statements of operations:
YTD Q3 Q2 Q1 YTD Q3
--- -- -- -- --- --
2004 2004 2004 2004 2003 2003
-------- ------ ------ ------ ------- ------
Customer acquisition
costs $ 1,938 $ 622 $ 643 $ 673 $1,489 $ 548
Plus: Subsidy loss
Equipment sales (1,067) (388) (316) (363) (706) (289)
Cost of equipment sales 1,594 573 474 547 1,071 428
-------------------------------------------
Total subsidy loss 527 185 158 184 365 139
-------------------------------------------
Less: Subsidy loss
unrelated to customer
acquisition (228) (100) (59) (69) (143) (71)
-------------------------------------------
Subsidy loss related to
customer acquisition 299 85 99 115 222 68
-------------------------------------------
Cost of acquiring
customers $ 2,237 $ 707 $ 742 $ 788 $1,711 $ 616
===========================================
CPGA ($ / new customer
added) $ 315 $ 301 $ 318 $ 326 $ 322 $ 334
T-MOBILE USA
Reconciliation of Non-GAAP Financial Measures to GAAP Financial
Measures
(dollars in millions, except for CPGA and CCPU)
(unaudited)
The following schedule reflects the CCPU calculation and provides a
reconciliation of the cost of serving customers used for the CCPU
calculation to total network costs plus general and administrative
costs reported on our condensed consolidated statements of operations:
YTD Q3 Q2 Q1 YTD Q3
--- -- -- -- --- --
2004 2004 2004 2004 2003 2003
------- ------- ------- ----- ------ -----
Network costs $1,540 $ 556 $ 530 $454 $1,045 $372
General and administrative 1,372 496 445 431 1,128 406
-------------------------------------------
Total network and general
and administrative costs 2,912 1,052 975 885 2,173 778
Plus: Subsidy loss
unrelated to customer
acquisition 228 100 59 69 143 71
-------------------------------------------
Total cost of serving
customers $3,140 $1,152 $1,034 $954 $2,316 $849
===========================================
CCPU ($ / customer per
month) $ 24 $ 24 $ 23 $ 23 $ 23 $ 24
This press release contains certain statements that are neither
reported financial results nor other historical information. These
statements are forward-looking statements within the meaning of the
safe-harbor provisions of the U.S. federal securities laws. Because
these forward-looking statements are subject to risks and
uncertainties, actual future results may differ materially from those
expressed in or implied by the statements. Many of these risks and
uncertainties relate to factors that are beyond Deutsche Telekom's
ability to control or estimate precisely, such as future market
conditions, currency fluctuations, the behavior of other market
participants, the actions of governmental regulators and other risk
factors detailed in Deutsche Telekom's reports filed with the
Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only
as of the date of this press release. We do not undertake any
obligation to publicly release any revisions to these forward-looking
statements to reflect events or circumstances after the date of this
press release.
About T-Mobile USA:
Based in Bellevue, WA, T-Mobile USA, Inc. is a member of the
T-Mobile International group, the mobile telecommunications subsidiary
of Deutsche Telekom AG (NYSE:DT). Effective December 31, 2003,
Powertel, Inc. became a wholly-owned subsidiary of T-Mobile USA, thus
the consolidated balance sheets and operating results of T-Mobile USA
represent all the consolidated U.S. operations of T-Mobile
International. All information contained in this press release
reflects the combined results of T-Mobile USA and Powertel as if the
companies had been combined historically.
T-Mobile USA operates the largest GSM/GPRS 1900 voice and data
network in the United States, reaching over 250 million people
including roaming and other agreements. In addition, T-Mobile USA
operates the largest carrier-owned Wi-Fi (802.11b) wireless broadband
(WLAN) network in the United States, available in more than 5,000
public access locations including Starbucks coffeehouses, Kinko's copy
shops, Borders Books and Music, Accor hotels, selected airports and
American Airlines Admirals Clubs, United Red Carpet Clubs and Delta
Air Lines Clubs. T-Mobile USA is committed to providing the best value
in wireless service through its GET MORE promise to provide customers
with more minutes, more features and more service. T-Mobile USA, Inc.
and Powertel, Inc. are no longer required to file periodic reports
with the SEC. For more information, visit the company website at
http://www.t-mobile.com/.
About T-Mobile International:
T-Mobile International, one of Deutsche Telekom AG's four
strategic divisions, is one of the world's leading international
mobile communications providers. T-Mobile International's
majority-held mobile companies today serve more than 65 million mobile
customers in Europe and the U.S.. For more information about T-Mobile
International, please visit http://www.t-mobile.net/. For further
information on Deutsche Telekom, please visit the company website at
http://www.telekom.de/investor-relations.
Contact:
Press Contacts:
T-Mobile International
Philipp Schindera, +49 228-936-1700
or
Deutsche Telekom
Hans Ehnert, +49 228-181-4949
or
Investor Relations Contacts:
Deutsche Telekom
Investor Relations Bonn, +49 228-181-88880
or
Deutsche Telekom
Investor Relations New York
Nils Paellmann/Bernie Scholtyseck, +1 212-424-2951
+1 877-DT-SHARE (toll-free)
Source:
T-Mobile USA, Inc.
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