UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Form
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of May 2009
Commission
file number 001-14540
Deutsche
Telekom AG
(Translation
of Registrant’s Name into English)
Friedrich-Ebert-Allee
140,
53113
Bonn,
Germany
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F x Form
40-F o
Indicate
by check mark whether the registrant by furnishing the information contained in
this form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes o No x
This
report is deemed submitted and not filed pursuant to the rules and
regulations of the Securities and Exchange Commission.
T-MOBILE
USA REPORTS FIRST QUARTER 2009 RESULTS
$4.8
billion service revenue in the first quarter of 2009, up 4% from the first
quarter of 2008
Nearly
20% of blended ARPU now driven by data revenues
415,000
net new customers added in the first quarter of 2009, down from 621,000 in the
fourth quarter of 2008
$1.38
billion Operating Income Before Depreciation and Amortization (“OIBDA”) in the
first quarter of 2009, down 4% from the first quarter of 2008
Aggressive
build out of the 3G network continues, 1.5 million 3G-capable converged devices
already on T-Mobile USA’s network
BELLEVUE,
Wash., May 7th, 2009 -- T-Mobile USA, Inc. (T-Mobile USA) today reported first
quarter 2009 results. In the first quarter of 2009, T-Mobile USA
reported OIBDA of $1.38 billion, down 4% compared to the first quarter of 2008,
service revenues of $4.8 billion, up 4% compared to the first quarter of 2008,
data services revenues up 23% compared to the first quarter of 2008, and 415,000
net new customers added.
"The
challenges of the U.S. economic downturn are evident in our first quarter
performance," said Robert Dotson, president and CEO, T-Mobile USA. "That said,
we remain confident that T-Mobile’s bedrock wireless service remains the core
value we offer American consumers backed by the best customer service in the
industry. We will continue to bring this value to consumers every day. We remain
on track with the aggressive national rollout of our 3G network in 2009. We'll
also bring to market highly anticipated new devices and services that put us in
a stronger position to capture the enormous opportunity in data services in the
U.S. By concentrating and delivering on these growth fundamentals, we are well
positioned to compete effectively for the consumers’ hard-earned
dollar."
Rene
Obermann, CEO of Deutsche Telekom, said, “Despite the intense competitive
environment and a struggling economy in the United States, T-Mobile USA is well
prepared to take on these challenges. Our approach includes a rapid 3G rollout
and an attractive and expanding line-up of 3G-capable devices. We have adopted
an action plan addressing these priorities that also includes measures to reduce
the cost base.”
Customers
In the
first quarter of 2009, T-Mobile USA added 415,000 net new customers, down from
621,000 in the fourth quarter of 2008 and 981,000 in the first quarter of
2008.
The number of
net new customer additions decreased compared to the first quarter of 2008
primarily due to higher contract churn, as explained below. Gross
customer additions increased year-on-year, driven in
part by
the impact of SunCom and prepaid customer additions. Sequentially, holiday
season sales contributed to the number of net new customers being higher in the
fourth quarter of 2008 compared to the
first quarter of
2009.
Contract
customer net additions made up 39% of customer growth, compared to 43% in the
fourth quarter of 2008 and 75% in the first quarter of 2008.
Prepaid net
additions, including FlexPaysm
no-contract, were 255,000 in the first quarter of 2009, down from 355,000 in the
fourth quarter of 2008 and up from 248,000 in the first quarter of
2008.
Contract
customers comprised 81% of T-Mobile USA’s total customer base at March 31, 2009.
T-Mobile USA ended the first quarter of 2009 with 33.2 million customers, up
from 32.8 million in the fourth quarter
of 2008.
Churn
Contract
churn was 2.3% in the first quarter of 2009, down from 2.4% in the fourth
quarter of 2008 and up from 1.7% in the first quarter of 2008.
Contract
churn compared to the first quarter of 2008 continued to be impacted by
competitive intensity. Contract churn decreased in the first quarter of 2009
compared to the fourth quarter of 2008, in line
with previous years.
Blended
churn, including both contract and prepaid customers, was 3.1% in the first
quarter of 2009, down from 3.3% in the fourth quarter of 2008 and up from 2.6%
in the first quarter of 2008.
OIBDA
and Net Income
T-Mobile
USA reported OIBDA of $1.38 billion in the
first quarter of 2009, down from $1.57 billion in the fourth quarter of 2008 and
$1.44 billion in the first quarter of 2008.
The
sequential decrease in OIBDA was primarily due to lower service revenues as
discussed below. Additionally, a reduction in other revenues (caused by certain
wholesale roaming agreements ending) and CPGA
(as
discussed below) impacted OIBDA in the first quarter of 2009.
The
year-on-year decrease in OIBDA resulted from lower ARPU combined with higher
network costs, driven by the 2G and 3G network
expansion. Additionally, equipment costs increased year-on-year due
to customers
purchasing converged devices and higher upgrade volumes.
OIBDA
margin (as defined in Note 6 to the Selected Data, below) was 29% in the first
quarter of 2009, down from 32% in the fourth quarter of 2008 and first quarter
of 2008.
Net
income for the first quarter of 2009 was $322 million, down from $483 million in
the fourth quarter of 2008 and $462 million in the first quarter of
2008.
Revenue
Service
revenues (as defined in Note 1 to the Selected Data, below) were $4.77 billion
in the first quarter of 2009, compared to $4.90 billion in the fourth quarter of
2008, and up from $4.57 billion in the first quarter of 2008.
The
sequential decrease in service revenues in the first quarter of 2009 compared to
the fourth quarter of 2008 was primarily due to the fall in contract ARPU, as
explained below. Additionally, lower roaming
revenues contributed
to the decrease in service revenues compared to the fourth quarter of
2008.
The increase
in service revenues year-over-year was primarily due to the growth in contract
customers and the SunCom Wireless acquisition.
Total
revenues, including service, equipment, and other revenues were $5.40 billion in
the first quarter of 2009, down from $5.72 billion in the fourth quarter of 2008
and up from $5.19 billion in the first quarter of 2008.
The
increase in total revenues year-over-year was primarily due to the growth in
contract customers and the SunCom Wireless acquisition, which contributed $202
million in the first quarter of 2009 compared to $86
million
in the first quarter of 2008.
ARPU
Blended
Average Revenue Per User (“ARPU” as defined in Note 1 to the Selected Data,
below) was $48 in the first quarter of 2009, compared to $50 in the fourth
quarter of 2008 and $51 in the first quarter of 2008.
Contract
ARPU was $52 in the first quarter of 2009, down from $54 in the fourth quarter
of 2008 and $55 in the first quarter of 2008.
The
decrease in contract ARPU sequentially and year-over-year was driven by lower
variable revenues from contract customers as customers control their
discretionary spending, for example by switching plans
and incurring
less roaming. Also, contract ARPU was impacted by monthly recurring charges per
customer decreasing due to a change in the mix of the customer
base.
Prepaid
ARPU was $21 in the first quarter of 2009, down from $23 in the fourth quarter
of 2008 and $22 in the first quarter of 2008.
The
decrease compared to the first and fourth quarters of 2008 was primarily driven
by a change in customer mix moving towards better value offers.
Data
services revenue (as defined in Notes 1 and 9 to the Selected Data, below) was
$935 million in the first quarter of 2009, representing 19.6% of blended ARPU,
or $9.40 per customer, up from 18.5% of
blended ARPU, or $9.30
per customer in the fourth quarter of 2008, and 16.6% of blended ARPU, or $8.50
per customer in the first quarter of 2008. Data services revenue increased 23%
in the first quarter of
2009 versus
the first quarter
of 2008.
Growth in
3G converged device users was the most significant driver of data ARPU, with 1.5
million 3G-capable converged devices on the T-Mobile USA network at the end of
the first quarter of 2009.
The total
number of messages carried on the T-Mobile USA network doubled to 66 billion in
the first quarter of 2009, compared to 33 billion in the first quarter of 2008
as messaging revenue continues to be a strong
driver
of data ARPU, with customers purchasing plans that include
messaging.
As part of
the focus to aggressively build out the 3G network and services, T-Mobile USA
launched the T-Mobile webConnectTM USB
Laptop Stick in March and the new 3G-enabled T-Mobile Sidekick LXTM in
April.
CPGA
and CCPU
The
average cost of acquiring a customer, Cost Per Gross Add (“CPGA” as defined in
Note 4 to the Selected Data, below) was $300 in the first quarter of 2009, up
from $270 in the fourth quarter of 2008 and the same as
the first
quarter of 2008.
CPGA
increased in the first quarter of 2009 compared to the fourth quarter of
2008. This was primarily due to lower equipment subsidy loss (per
gross customer addition) driven by handset promotions in the fourth
quarter of
2008.
The
average cash cost of serving customers, Cash Cost Per User (“CCPU” as defined in
Note 3 to the Selected Data, below), was $25 per customer per month in the first
quarter of 2009, consistent with the fourth quarter
of 2008
and first quarter of 2008.
Capital
Expenditures
Cash
capital expenditures (see Note 7 to the Selected Data below) were $1.13 billion
in the first quarter of 2009, compared with $895 million in the fourth quarter
of 2008 and $690 million in the first quarter of 2008.
T-Mobile
USA’s continued focus on network quality and coverage as well as the national
roll-out of the UMTS/HSDPA network caused 2G and 3G incurred capital
expenditures to remain strong both year-on-year
and
sequentially. The increase in cash capital expenditures in the first quarter of
2009 is due primarily to payment timing differences compared to the fourth
quarter of 2008 and the first quarter of 2008.
T-Mobile
USA’s 3G network now reaches 107 million people.
Stick
Together Highlights
In April
2009, T-Mobile USA launched the newest T-Mobile Sidekick LX, featuring 3G for
faster data speeds and enhanced mobile access to popular social media sites. The
new 3G-enabled Sidekick LX also provides
improved
video capabilities as well as GPS-enabled Live Search.
In March
2009, T-Mobile USA launched the T-Mobile webConnect USB Laptop Stick, providing
customers with seamless connectivity to the Internet on the go. The new
webConnect laptop stick allows customers with
a laptop to take advantage
of faster broadband speeds available through T-Mobile USA’s 3G high-speed data
network and accessible Wi-Fi network.
On
February 4, 2009, T-Mobile USA was ranked highest in wireless customer care
performance by J.D. Power and Associates. Winning this award in 7 of the last 8
reporting periods continues to demonstrate T-Mobile
USA’s
strong and successful focus on customer service.
T-Mobile
USA is the U.S. operation of Deutsche Telekom AG’s (NYSE: DT) Mobile
Communications Business, and is a wholly-owned subsidiary of T-Mobile
International. In order to provide comparability with the results of other US
wireless carriers, all financial amounts are in US dollars and are based on
accounting principles generally accepted in the United States (“GAAP”). T-Mobile
USA results are included in the consolidated results of Deutsche Telekom, but
differ from the information contained herein as Deutsche Telekom reports
financial results in Euros and in accordance with International Financial
Reporting Standards (IFRS).
This
press release includes non-GAAP financial measures. The non-GAAP financial
measures should be considered in addition to, but not as a substitute for, the
information provided in accordance with GAAP. Reconciliations from the non-GAAP
financial measures to the most directly comparable GAAP financial measures are
provided below following Selected Data and the financial
statements.
SELECTED
DATA FOR T-MOBILE USA
|
(thousands)
|
Q1 09 |
Full
Year 2008
|
Q4 08 | Q3 08 | Q2 08 | Q1 08 | ||||||||||||||||||
|
Covered
population8
|
288.000 | 288.000 | 288.000 | 286.000 | 284.000 | 284.000 | ||||||||||||||||||
|
Customers,
end of period2
|
33.173 | 32.758 | 32.758 | 32.136 | 31.466 | 30.798 | ||||||||||||||||||
|
Thereof
contract customers
|
26.966 | 26.806 | 26.806 | 26.539 | 26.246 | 25.721 | ||||||||||||||||||
|
Thereof
prepaid customers
|
6.207 | 5.952 | 5.952 | 5.597 | 5.220 | 5.077 | ||||||||||||||||||
|
Net
customer additions
|
415 | 2.940 | 621 | 670 | 668 | 981 | ||||||||||||||||||
|
Acquired
customers
|
- | 1.132 | - | - | - | 1.132 | ||||||||||||||||||
|
Minutes
of use/contract customer/month
|
1.130 | 1.150 | 1.130 | 1.140 | 1.170 | 1.150 | ||||||||||||||||||
|
Contract
churn
|
2,30 | % | 2,10 | % | 2,40 | % | 2,40 | % | 1,90 | % | 1,70 | % | ||||||||||||
|
Blended
churn
|
3,10 | % | 2,90 | % | 3,30 | % | 3,00 | % | 2,70 | % | 2,60 | % | ||||||||||||
|
($)
|
||||||||||||||||||||||||
|
ARPU
(blended) 1,
9
|
48 | 51 | 50 | 52 | 52 | 51 | ||||||||||||||||||
|
ARPU
(contract)
|
52 | 55 | 54 | 55 | 55 | 55 | ||||||||||||||||||
|
ARPU
(prepaid)
|
21 | 23 | 23 | 24 | 23 | 22 | ||||||||||||||||||
|
Cost
of serving (CCPU)3
|
25 | 25 | 25 | 25 | 25 | 25 | ||||||||||||||||||
|
Cost
per gross add (CPGA)4
|
300 | 290 | 270 | 290 | 320 | 300 | ||||||||||||||||||
|
($
million)
|
||||||||||||||||||||||||
|
Total
revenues
|
5.398 | 21.885 | 5.722 | 5.506 | 5.470 | 5.187 | ||||||||||||||||||
|
Service
revenues1,
9
|
4.774 | 19.242 | 4.904 | 4.911 | 4.854 | 4.573 | ||||||||||||||||||
|
OIBDA5
|
1.383 | 6.123 | 1.568 | 1.531 | 1.583 | 1.441 | ||||||||||||||||||
|
OIBDA
margin 6
|
29 | % | 32 | % | 32 | % | 31 | % | 33 | % | 32 | % | ||||||||||||
|
Capital
expenditures7
|
1.125 | 3.603 | 895 | 956 | 1.062 | 690 | ||||||||||||||||||
Since all
companies do not calculate these figures in the same manner, the information
contained in this press release may not be comparable to 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 service revenues
for the specified period by the average customers
during
the period, and further dividing by the number of months in the
period. We believe ARPU provides management with useful information
to evaluate the revenues generated from our customer base.
Service
revenues include contract, prepaid, and roaming and other service revenues, and
do not include equipment sales and other revenues. Data services revenues
(including messaging and non-messaging revenue)
is a
component
of service revenues. Within the consolidated financial statements below, other
revenues include co-location rental income and, through 2008, wholesale revenues
from the usage of our network in
California,
Nevada, and New York by AT&T customers, among other items, and are therefore
not included in ARPU.
2 A
customer is defined as a SIM card with a unique mobile identity number which
generates revenue. Contract customers and prepaid customers include FlexPay
customers depending on the type of rate plan selected.
FlexPay
customers with a contract are included in contract customers, and FlexPay
customers without a contract are included in prepaid customers.
3 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 unrelated to
customer
acquisition. Subsidy loss unrelated to customer acquisition includes
upgrade handset costs for existing customers offset by upgrade equipment
revenues and other related direct costs. 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 and
is used by our management to evaluate the operating performance of our
business.
4 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 related to customer
acquisition
for the specified period, by gross customers added during the period. Subsidy
loss related to customer acquisition consists primarily of the excess of handset
and accessory costs over related revenues incurred
to
acquire new customers. We believe that CPGA, which is a measure of the cost of
acquiring a customer, provides relevant and useful information and is used by
our management to evaluate the operating performance of
our
business.
5. Operating
Income Before Interest, Depreciation and Amortization (“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 calculation, 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 business by 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. OIBDA is not adjusted for integration costs of
SunCom.
6. OIBDA
margin is a non-GAAP financial measure, which we define as OIBDA (as described
in Note 5 above) divided by service revenues.
7 Capital
expenditures consist of amounts paid by T-Mobile USA for purchases of property
and equipment.
8 The
covered population statistic represents T-Mobile USA’s GSM / GPRS / EDGE 1900/
UMTS voice and data network coverage, combined with roaming and other
agreements.
9 Data ARPU
is defined as total data revenues divided by average total customers during the
period. Total data revenues include data revenues from contract customers,
prepaid customers, Wi-Fi revenues and data
roaming
revenues. The relative fair value of data revenues from unlimited
voice and data plans are included in total data revenues.
T-MOBILE
USA
Condensed
Consolidated Balance Sheets
(dollars
in millions)
(unaudited)
|
March
31,
|
December
31,
|
|||||||
|
2009
|
2008
|
|||||||
|
ASSETS
|
||||||||
|
Current
assets:
|
||||||||
|
Cash
and cash equivalents
|
$ | 53 | $ | 306 | ||||
|
Receivables
from affliates
|
309 | 113 | ||||||
|
Accounts
receivable, net of allowances of $292 and $291,
|
||||||||
|
respectively
|
2.567 | 2.809 | ||||||
|
Inventory
|
914 | 931 | ||||||
|
Current
portion of net deferred tax assets
|
1.240 | 1.148 | ||||||
|
Other
current assets
|
625 | 644 | ||||||
|
Total
current assets
|
5.708 | 5.951 | ||||||
|
Property
and equipment, net of accumulated depreciation of
|
||||||||
|
$11,400
and $10,830, respectively
|
12.854 | 12.600 | ||||||
|
Goodwill
|
12.011 | 12.011 | ||||||
|
Spectrum
licenses
|
15.229 | 15.254 | ||||||
|
Other
intangible assets, net of accumulated amortization of
|
||||||||
|
$575
and $562, respectively
|
199 | 212 | ||||||
|
Long-term
investments
|
125 | 125 | ||||||
|
Other
assets
|
131 | 137 | ||||||
| $ | 46.257 | $ | 46.290 | |||||
|
LIABILITIES
AND EQUITY
|
||||||||
|
Current
liabilities:
|
||||||||
|
Accounts
payable and accrued liabilities
|
$ | 3.457 | $ | 4.057 | ||||
|
Current
payables to affiliates
|
3.089 | 1.557 | ||||||
|
Other
current liabilities
|
368 | 364 | ||||||
|
Total
current liabilities
|
6.914 | 5.978 | ||||||
|
Long-term
payables to affiliates
|
12.226 | 13.850 | ||||||
|
Deferred
tax liabilities
|
2.730 | 2.452 | ||||||
|
Other
long-term liabilities
|
1.281 | 1.227 | ||||||
|
Total
long-term liabilities
|
16.237 | 17.529 | ||||||
|
Commitments
and contingencies
|
||||||||
|
Stockholder’s
equity:
|
||||||||
|
Common
stock and additional paid -in capital
|
36.594 | 36.594 | ||||||
|
Accumulated
deficit
|
(13.584 | ) | (13.906 | ) | ||||
|
Total
stockholder’s equity
|
23.010 | 22.688 | ||||||
|
Noncontrolling
interest
|
96 | 95 | ||||||
|
Total
equity
|
23.106 | 22.783 | ||||||
| $ | 46.257 | $ | 46.290 | |||||
T-MOBILE
USA
Condensed
Consolidated Statements of Operations
(dollars
in millions)
(unaudited)
|
Quarter
Ended March 31,
2009
|
Quarter
Ended December 31,
2008
|
Quarter
Ended March 31,
2008
|
||||||||||
|
Revenues:
|
||||||||||||
|
Contract
|
$ | 4.225 | $ | 4.334 | $ | 4.109 | ||||||
|
Prepaid
|
393 | 394 | 325 | |||||||||
|
Roaming
and other service
|
156 | 176 | 139 | |||||||||
|
Equipment sales
|
549 | 687 | 534 | |||||||||
|
Other
|
75 | 131 | 80 | |||||||||
|
Total
revenues
|
5.398 | 5.722 | 5.187 | |||||||||
|
Operating
expenses:
|
||||||||||||
|
Network
|
1.249 | 1.286 | 1.166 | |||||||||
|
Cost of
equipment sales
|
985 | 1.030 | 832 | |||||||||
|
General
and administrative
|
930 | 941 | 887 | |||||||||
|
Customer
acquisition
|
851 | 897 | 861 | |||||||||
|
Depreciation
and amortization
|
697 | 730 | 678 | |||||||||
|
Total
operating expenses
|
4.712 | 4.884 | 4.424 | |||||||||
|
Operating
income
|
686 | 838 | 763 | |||||||||
|
Other
expense, net
|
(165 | ) | (56 | ) | (11 | ) | ||||||
|
Income
before income taxes
|
521 | 782 | 752 | |||||||||
|
Income
tax expense
|
(199 | ) | (299 | ) | (290 | ) | ||||||
|
Net
income
|
$ | 322 | $ | 483 | $ | 462 | ||||||
T-MOBILE
USA
Condensed
Consolidated Statements of Cash Flows
(dollars
in millions)
(unaudited)
|
Quarter
Ended March 31, 2009
|
Quarter
Ended March 31, 2008
|
|||||||
|
Operating
activities:
|
||||||||
|
Net
income
|
$ | 322 | $ | 462 | ||||
|
Adjustments to
reconcile net income to net cash provided by
|
||||||||
|
operating
activities:
|
||||||||
|
Depreciation
and amortization
|
697 | 678 | ||||||
|
Income
tax expense
|
199 | 290 | ||||||
|
Bad
debt expense
|
133 | 119 | ||||||
|
Other,
net
|
14 | (52 | ) | |||||
|
Changes
in operating assets and liabilities:
|
||||||||
|
Accounts
receivable
|
112 | 297 | ||||||
|
Inventory
|
17 | 232 | ||||||
|
Other
current and non-current assets
|
(22 | ) | (38 | ) | ||||
|
Accounts
payable and accrued liabilities
|
(313 | ) | (712 | ) | ||||
|
Net
cash provided by operating activities
|
1.159 | 1.276 | ||||||
|
Investing
activities:
|
||||||||
|
Purchases of
property and equipment
|
(1.125 | ) | (690 | ) | ||||
|
Purchases of
intangible assets
|
(7 | ) | (28 | ) | ||||
|
Short-term
affiliate loan receivable, net
|
(396 | ) | 380 | |||||
|
Acquisition of
SunCom Wireless, net of cash acquired
|
- | (1.525 | ) | |||||
|
Other,
net
|
(1 | ) | 8 | |||||
|
Net
cash used in investing activities
|
(1.529 | ) | (1.855 | ) | ||||
|
Financing
activities:
|
||||||||
|
Repayment of
debt assumed through SunCom acquisition
|
- | (243 | ) | |||||
|
Long-term debt
repayments to affiliates
|
(83 | ) | - | |||||
|
Long-term debt
borrowings from affiliates
|
200 | 900 | ||||||
|
Net
cash provided by financing activities
|
117 | 657 | ||||||
|
Change
in cash and cash equivalents
|
(253 | ) | 78 | |||||
|
Cash
and cash equivalents, beginning of period
|
306 | 64 | ||||||
|
Cash
and cash equivalents, end of period
|
$ | 53 | $ | 142 | ||||
Non-cash investing and
financing activities with affiliates:
In the
first quarter of 2009, T-Mobile USA remitted $500 million to affiliates as a
short term receivable. $300 million of the cash outflow was used during the
period as settlement of debt in line with the repayment schedule. T-Mobile USA
also closed out $104 million in interest swaps in exchange for money market
investments held by the parent company.
T-MOBILE
USA
Reconciliation
of Non-GAAP Financial Measures to GAAP Financial Measures
(dollars
in millions, except for CPGA and CCPU)
(unaudited)
OIBDA is
reconciled to operating income as follows:
| Q1 2009 |
Full
Year
2008
|
Q4 2008 | Q3 2008 | Q2 2008 | Q1 2008 | |||||||||||||||||||
|
OIBDA
|
$ | 1.383 | $ | 6.123 | $ | 1.568 | $ | 1.531 | $ | 1.583 | $ | 1.441 | ||||||||||||
|
Depreciation
and amortization
|
(697 | ) | (2.753 | ) | (730 | ) | (678 | ) | (667 | ) | (678 | ) | ||||||||||||
|
Operating
income
|
$ | 686 | $ | 3.370 | $ | 838 | $ | 853 | $ | 916 | $ | 763 | ||||||||||||
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:
| Q1 2009 |
Full
Year
2008
|
Q4 2008 | Q3 2008 | Q2 2008 | Q1 2008 | |||||||||||||||||||
|
Customer
acquisition costs
|
$ | 851 | $ | 3.540 | $ | 897 | $ | 906 | $ | 876 | $ | 861 | ||||||||||||
|
Plus:
Subsidy loss
Equipment
sales
|
(549 | ) | (2.262 | ) | (687 | ) | (512 | ) | (529 | ) | (534 | ) | ||||||||||||
|
Cost
of equipment sales
|
985 | 3.524 | 1.030 | 828 | 834 | 832 | ||||||||||||||||||
|
Total
subsidy loss
|
436 | 1.262 | 343 | 316 | 305 | 298 | ||||||||||||||||||
|
Less:
Subsidy loss unrelated
to
customer acquisition
|
(252 | ) | (735 | ) | (215 | ) | (178 | ) | (169 | ) | (173 | ) | ||||||||||||
|
Subsidy
loss related to
customer
acquisition
|
184 | 527 | 128 | 138 | 136 | 125 | ||||||||||||||||||
|
Cost
of acquiring customers
|
$ | 1.035 | $ | 4.067 | $ | 1.025 | $ | 1.044 | $ | 1.012 | $ | 986 | ||||||||||||
|
CPGA
($ / new customer added)
|
$ | 300 | $ | 290 | $ | 270 | $ | 290 | $ | 320 | $ | 300 | ||||||||||||
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:
| Q1 2009 |
Full
Year 2008
|
Q4 2008 | Q3 2008 | Q2 2008 | Q1 2008 | |||||||||||||||||||
|
Network
costs
|
$ | 1.249 | $ | 5.007 | $ | 1.286 | $ | 1.284 | $ | 1.271 | $ | 1.166 | ||||||||||||
|
General
and administrative
|
930 | 3.691 | 941 | 957 | 906 | 887 | ||||||||||||||||||
|
Total
network and general and
administrative
costs
|
2.179 | 8.698 | 2.227 | 2.241 | 2.177 | 2.053 | ||||||||||||||||||
|
Plus:
Subsidy loss unrelated to customer
acquisition
|
252 | 735 | 215 | 178 | 169 | 173 | ||||||||||||||||||
|
Total
cost of serving customers
|
$ | 2.431 | $ | 9.433 | $ | 2.442 | $ | 2.419 | $ | 2.346 | $ | 2.226 | ||||||||||||
|
CCPU
($ / customer per month)
|
$ | 25 | $ | 25 | $ | 25 | $ | 25 | $ | 25 | $ | 25 | ||||||||||||
About
T-Mobile USA:
Based
in Bellevue, Wash., T-Mobile USA, Inc. is the U.S. operation of Deutsche Telekom
AG’s (NYSE: DT) Mobile Communications Business, and a wholly owned subsidiary of
T-Mobile International, one of the world’s leading companies in mobile
communications. By the end of the first quarter of 2009, more than 148 million
mobile customers were served by the mobile communication segments of the
Deutsche Telekom group — 33.2 million by T-Mobile USA — all via a common
technology platform based on GSM, the world’s most widely-used digital wireless
standard. T-Mobile’s innovative wireless products and services help empower
people to connect to those who matter most. Multiple independent research
studies continue to rank T-Mobile among the highest in numerous regions
throughout the U.S. in wireless customer care and call quality. For more
information, please visit http://www.T-Mobile.com. T-Mobile is a federally
registered trademark of Deutsche Telekom AG.
About
T-Mobile International:
T-Mobile
International is one of the world’s leading mobile communications businesses. As
part of the Deutsche Telekom AG (NYSE: DT) group, T-Mobile International
concentrates on the key markets in Europe and the United States.
For more information about T-Mobile International please visit www.t-mobile.net. For further information on Deutsche Telekom, please visit
www.telekom.de/investor-relations.
Press
Contacts: Investor
Relations Contacts:
Michael
Lange Investor
Relations Bonn
T-Mobile
International Deutsche
Telekom
+49
228.936.31717 +49
228.181.88880
Andreas
Leigers Nils
Paellmann
Deutsche
Telekom Investor
Relations New York
+49
228.181.4949 Deutsche
Telekom
+1 212.424.2951
+1 877.DT SHARE (toll-free)
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
DEUTSCHE
TELEKOM AG
|
|
|
By:
|
/s/ Guido
Kerkhoff
|
|
Name:
|
Guido
Kerkhoff
|
|
Title:
|
Member
of the Management Board for Southern and Eastern
Europe
|
Date: May
7, 2009