Deutsche Telekom predicts a drop in its profits

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Source: Bloomberg
Deutsche Telekom AG predicts a further decline in its profits this year. The company already has posted EUR 1.34 billion (USD 1.8 billion) quarterly net loss caused by write downs on T-Mobile USA and losses on its Greek business. Company's EBITDA may is likely to drop by 3.7% compared to 2011. Deutsche Telekom, failed to sell its US wireless unit to AT&T Inc. in 2011.
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