German telecoms giant Deutsche Telekom (DT) has said its unadjusted net loss for the fourth quarter of 2011 widened to EUR1.34 billion (USD1.77 billion) from a loss of EUR514 million in the year-ago period, due to impairments of around EUR3.3 billion on its US and Greek operations. A EUR2.3 billion cash payment from AT&T, which formed part of a USD6 billion breakup package after a deal to sell T-Mobile USA to its rival was abandoned, failed to offset the writedowns. Net profit for the year ended 31 December 2011 totalled EUR557 million, compared to EUR1.695 billion in 2010.
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OVETEL DT Q4 net loss weighed down by US, Greek impairments
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