Deutsche Telekom Falls After Competition in Germany Heats Up

Deutsche Telekom AG shares fell Thursday after increasing competition in the company’s home market of Germany hurt sales.

Deutsche Telekom’s revenue in the market fell 1.3% in the second quarter to €6.29 billion ($7.34 billion), the company said in a statement. That compares to an average analyst estimate of €6.35 billion, according to data compiled by Bloomberg.