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Group Development

Customer development

thousands

 

 

 

 

 

 

 

 

 

 

Sept. 30, 2021

June 30, 2021

Change
Sept. 30, 2021/
June 30, 2021 
%

Dec. 31, 2020

Change
Sept. 30, 2021/
Dec. 31, 2020 
%

Sept. 30, 2020

Change
Sept. 30, 2021/
Sept. 30, 2020 
%

T‑Mobile Netherlands

Mobile customers

6,894

6,853

0.6

6,803

1.3

5,761

19.7

Fixed-network lines

721

707

2.0

682

5.7

661

9.1

Broadband customers

709

695

2.0

668

6.1

647

9.6

In the Netherlands, the number of mobile customers increased slightly. The number of fixed-network lines in the Netherlands also increased on the back of the positive development of operational business. It also profited from the reopening of the shops at the end of April 2021 after the coronavirus-related lockdown, and from successful advertising.

Development of operations

millions of €

 

 

 

 

 

 

 

 

 

 

 

 

Q1 2021

Q2 2021

Q3 2021

Q3 2020

Change %

Q1-Q3 2021

Q1-Q3 2020

Change %

FY 2020

Total revenue

 

782

780

787

719

9.5

2,349

2,142

9.7

2,883

Of which: T‑Mobile Netherlands

 

513

506

515

484

6.4

1,534

1,441

6.5

1,946

Of which: GD Towersa, b

 

282

283

270

248

8.9

835

743

12.4

989

Profit (loss) from operations (EBIT)

 

166

381

219

154

42.2

766

417

83.7

562

Depreciation, amortization and impairment losses

 

(210)

(219)

(183)

(190)

3.7

(613)

(576)

(6.4)

(780)

EBITDA

 

376

600

402

344

16.9

1,379

993

38.9

1,343

Special factors affecting EBITDA

 

(16)

198

(21)

(11)

(90.9)

161

(55)

n.a.

(43)

EBITDA (adjusted for special factors)

 

392

403

423

355

19.2

1,218

1,049

16.1

1,386

Of which: T‑Mobile Netherlands

 

171

184

208

163

27.6

563

482

16.8

639

Of which: GD Towersa, b

 

224

226

220

199

10.6

670

589

13.8

786

EBITDA AL

 

301

516

319

273

16.8

1,135

781

45.3

1,058

Special factors affecting EBITDA AL

 

(16)

198

(21)

(11)

(90.9)

161

(55)

n.a.

(43)

EBITDA AL (adjusted for special factors)

 

316

318

340

284

19.7

975

836

16.6

1,101

Of which: T‑Mobile Netherlands

 

151

155

179

141

27.0

484

419

15.5

554

Of which: GD Towersa, b

 

169

170

164

149

10.1

503

439

14.6

587

EBITDA AL margin (adjusted for special factors)

%

40.4

40.8

43.2

39.5

 

41.5

39.0

 

38.2

Cash capex

 

(115)

(134)

(144)

(330)

56.4

(393)

(566)

30.6

(699)

a

As of January 1, 2021, the Austrian cell tower business was reassigned from the Europe operating segment to the Group Development operating segment. Prior-year comparatives were not adjusted.

b

As of June 1, 2021, the Dutch cell tower business was sold to DIV and subsequently contributed into Cellnex Netherlands.

Total revenue

Total revenue in our Group Development operating segment increased in the first nine months of 2021 by 9.7 % year-on-year to EUR 2.3 billion. In organic terms, i.e., adjusted for the sale of the Dutch cell tower business as of June 1, 2021, the reassignment of the Austrian cell tower business as of January 1, 2021, as well as the acquisition of the Dutch MVNO and SIM provider Simpel as of December 1, 2020, revenue increased by 4.3 %. This revenue increase resulted from the operational and structural growth of our two business units T‑Mobile Netherlands and GD Towers, which includes DFMG and the Austrian cell tower business. In the Netherlands, mobile operations in particular contributed to this revenue growth on the back of higher out-of-bundle revenues and higher terminal equipment sales. GD Towers also recorded an increase in revenue, driven by volume-based growth at DFMG and the reassignment of the Austrian cell tower business.

Adjusted EBITDA AL, EBITDA AL

Adjusted EBITDA AL increased by 16.6 % year-on-year to EUR 975 million. In organic terms, adjusted EBITDA AL grew by 10.6 %. This growth was attributable to the aforementioned positive revenue trend at T‑Mobile Netherlands, the acquisition of Simpel, and efficient cost management at T‑Mobile Netherlands. The GD Towers business posted consistent growth on the back of rising volumes and was further strengthened by the reassignment of the Austrian cell tower business. An operational increase in adjusted EBITDA AL was also achieved through revenue growth and cost transformation. EBITDA AL was positively influenced by net special factors of EUR 161 million, which mainly related to the gain on deconsolidation due to the sale of the Dutch cell tower business. EBITDA AL increased by EUR 354 million compared with the prior-year period to EUR 1.1 billion.

EBIT

EBIT increased year-on-year to EUR 766 million, mainly as a result of the development described under EBITDA AL. Depreciation, amortization and impairment losses increased by 6.4 % compared with the prior-year period, mainly on account of the depreciation, amortization and impairment losses from the Austrian cell tower business, which have been included since January 1, 2021. This was offset by lower depreciation, amortization and impairment losses in connection with the fact that T‑Mobile Netherlands has been held for sale since September 6, 2021 and accordingly the related depreciation and amortization has been suspended.

Cash capex

Cash capex stood at EUR 393 million and was thus down on the level of the prior-year period, mainly due to the acquisition of mobile licenses by T‑Mobile Netherlands in the prior-year period.

Fixed-network lines
Lines in operation excluding internal use and public telecommunications, including IP-based lines. The totals reported in the combined management report were calculated on the basis of precise figures and rounded to millions or thousands. Percentages were calculated on the basis of the figures shown.
Glossary
MVNO – Mobile Virtual Network Operator
Company that offers mobile minutes at relatively low prices without subsidized handsets. A mobile virtual network operator does not have its own wireless network, but uses the infrastructure of another mobile operator to provide its services.
Glossary
Mobile customers
In the combined management report, one mobile communications card corresponds to one customer. The totals were calculated on the basis of precise figures and rounded to millions or thousands. Percentages were calculated on the basis of the figures shown (see also SIM card).
Glossary
SIM card – Subscriber Identification Module card
Chip card that is inserted into a cell phone to identify it in the mobile network. Deutsche Telekom counts its customers by the number of SIM cards activated and not churned. Customer totals also include the SIM cards with which machines can communicate automatically with one another (M2M cards). The churn rate is determined and reported based on the local markets of the respective countries.
Glossary