D.Telekom sees Toll Collect losses until 2015

Newswire

COLOGNE, Germany, May 18 (Reuters) - Europe's dominant phone carrier Deutsche Telekom expects a problem-ridden German road toll project to continue posting losses until 2015, its chief financial officer said on Tuesday. "Toll Collect will post a negative result until the end of the contract in the 2015 business year," said Karl-Gerhard Eick at Deutsche Telekom's annual general meeting in Cologne. Eick added that Deutsche Telekom's share of those losses were covered by risk provisions it ...

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