Post #74440

DT is far more than a network carrier, it’s one of the largest IT services companies in the world. On top of that their largest profits in the mobile sector are from the, eh, less regulated T-Mobile. Their operating margin is around 12%, way down on last year. companiesmarketcap.com/…/operating-margin/ A more straightforward telecom example might be Vodafone in the UK who are at -4% this year: providing services cost them money companiesmarketcap.com/gbp/…/operating-margin/ Telefonica in Spain are at 1.7% companiesmarketcap.com/…/operating-margin/ Orange in France are at 10% companiesmarketcap.com/orange/operating-margin/ For comparison outside of the telecoms sector, Google is at 40% companiesmarketcap.com/…/operating-margin/