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Telekom losses swell
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January 23, 2001: 3:43 a.m. ET
Deutsche Telekom posts $929M quarterly loss, nearly double forecasts
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LONDON (CNNfn) - Deutsche Telekom on Tuesday reported a bigger-than-expected 1 billion euro loss in the fourth quarter, though one-time gains boosted full-year profit.
Analysts polled by Reuters had expected a fourth quarter net loss of  410 million ($385 million), as the German telecom firm's costs rise with the expansion of new services.
Telekom, Europe's second-largest telecom firm after Vodafone Group, has poured funds into its mobile phone services arm T-Mobile and introduced flat-rate fees at its Internet unit, T-Online International.
Deutsche said net profit for 2000, including extraordinary items, was 7.4 billion, up from 1.25 billion in the previous year. Analysts had forecast a profit of 8.01 billion.
 Deutsche shares fell 4.1 percent to 35.22 in morning trade in Frankfurt.
Full-year sales rose 15.2 percent to 40.9 billion as subscribers at T-Online (ATOI) jumped to 7.9 million at the end of 2000 from 4.7 million at the end of 1999.
Deutsche has an 81.7 percent stake in the Internet service provider.
The company didn't release full fourth-quarter financial results, but in October it reported nine-month net income at 8.4 billion.
That figure included a 10.86 billion extraordinary gain from the sale of stakes in its regional cable TV operations and other telecom companies, and funds earned from the flotation of T-Online last year.
--from staff and wire reports 
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