You are here: silicon.com > Networks > Mobile & Wireless

T-Mobile goodwill cut by €1.5bn

O2 shows the way...

Tags: goodwill, t-mobile

By Jo Best

Published: 3 March 2006 15:55 GMT

Deutsche Telekom has announced it is writing down the value of the UK arm of its T-Mobile business by €1.5bn.

According to Deutsche Telekom, the decrease in the company's goodwill was prompted by the recent acquisition of O2 by Spain's Telefonica.

It said: "The takeover of the mobile communications company O2 by Telefonica generated an indicator of the market price of T-Mobile UK for the impairment test."

The news comes just days after Vodafone announced it was cutting up to £28bn from the goodwill of its operations in Europe and Germany.

T-Mobile announced the writedown as part of its fourth quarter results. The operator increased customer numbers by nine per cent.

However, T-Mobile saw UK revenue decrease, year on year – from €4.3bn in 2004 to €4.2bn in 2005 - which Deutsche Telekom attributed to a "tough market".

Add comment

Print story

Email story

RSS

T-Mobile CEO mocks mobile internet cynics

T-Mobile ad 'says using BlackBerry while driving is OK'

20Mbps mobiles by the end of the decade

Leader: O2 be in Spain

Telcos stall 3G agreement

In silicon.com

Read and write about internet access at the airports of the world at atlarge.com. Be the first to rate an airport, win champagne...

Commentary

silicon.com Inbox: iPhone ad, red boxes, wi-fi piggybacking, sci-fi thinking "The more machines think, the less humans bother to think"

Peter Cochrane Peter Cochrane's Blog: Why your broadband's so slow Don't be so quick to blame the ISP

Latest News

Red tape hampering tech research

Chrome coming for Google's Android

Fibre era fraught with roadblocks: EC

Liverpool midwives cull paper with 3G laptops

ASDA to kick start mobile pay-as-you-go price war?

Mobile broadband threatening fixed line?

Jobs

Associate Director sought by Global Risk arm of Investment Bank

This High Profile position has been created to accommodate an exceptional individual with the Global Risk team at a Top Global Investment Bank. The ...

Compiler Engineer, C++, MIPS, ARM, PowerPC - Bristol

Other skills to benefit your application include microprocessor knowledge and back-end technology, MIPS, ARM and PowerPC. Are you a strong C++ ...

Pre-Sales Consultant, Telecoms, VoIP, Prepaid, Service Numbers, Bucks

Experience with VoIP, voice over broadband, service numbers (freephone & premium numbers), prepaid services, Pre-Sales Consultant required for ...

Special Report Focus

CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.