T-Mobile CEO sees stable results in 2009 January 28, 2009
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T-Mobile International has yet to see a direct impact on its results from the economic slowdown and expects to maintain its performance in 2009, CEO Hamid Akhavan told Telecompaper in an interview. Results for the fourth quarter were in line with the company’s expectations, he said, adding that based on November and December sales figures, the company saw no major changes in the number of clients or spending. T-Mobile is on track to meet its 2008 forecasts, and for 2009 the company expects a stable performance with no decline in results, he said.
Looking ahead, T-Mobile is focused on growing service revenues, while maintaining its profit margins. Growth will come from innovative services such as its mobile data service Web’n’walk and new data-driven phones such as Apple’s iPhone and the G1 Android handset. Mergers and acquisitions are not on the agenda at the moment, due to the high cost of capital, according to the CEO.
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