BONN, Germany (Reuters) - Deutsche Telekom (DE:DTEGn) wrote down the value of its stake in Britain's BT (L:BT) by 2.2 billion euros ($2.3 billion), pushing it to a fourth-quarter net loss of 2.12 billion euros from a profit of 946 million euros a year earlier.
The German telecoms provider reported a 2 percent increase in fourth-quarter adjusted core profit (EBITDA) to 5.26 billion euros on Thursday, driven by its T-Mobile US (O:TMUS) unit but also lifted by a 3 percent increase in German adjusted EBITDA.
($1 = 0.9497 euros)