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T-Mobile posts higher revenues

BONN, Germany—German telecommunications giant Deutsche Telekom reported its T-Mobile wireless division posted $4.1 billion in revenue for the first quarter of this year compared with $2.5 billion reported for the first quarter last year. The company attributed the increase to positive effects of its acquisition of RadioMobil and VoiceStream Wireless Corp. and increased subscribers at T-Mobile UK.

Net losses for the company also increased from $613.2 million last year to $778 million this year.

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