Essential Forecasts for the German Mobile Industry for 2008 - 2010

Business Wire, August 18, 2008

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/b2afab/3q08_germany_mobil) has announced the addition of IE Market Research Corp.'s new report "3Q08 Germany Mobile Forecast, 2008 - 2010" to their offering.

Slight Margin Recovery forecasted by IEMR in the German mobile operator market

This Mobile Forecast on Germany provides over 65 operational and financial metrics for the Germany wireless market. We cover quarterly historical data starting in 1Q2004 and ending in 1Q2008. We also provide four-year forecasts at the operator level going out to 2010. Operators covered for Germany include: T-Mobile, D2 (Vodafone), E-Plus, O2. Our Mobile Forecasts are updated quarterly and are available for one-time delivery or through regular updates.

Notable highlights of the 3Q08 Germany Mobile Forecast include:

* The number of total subscribers in Germany will increase from 97.2 million to 105.1 million between 2007 and 2010. The wireless penetration level will continue to increase. We are now forecasting a wireless penetration level of 127.1% (reflecting a slight decrease from our previous forecast of 128.6%) in 2010.

* Our model is now forecasting only slight changes in subscriber market shares in the German market. We expect that T-Mobile's market share will continue to decline from its current level to reach 35.8% in 2010 while E-Plus and O2 will continue to see some increase in their market share figures.

* In 2010, we are predicting that O2 will generate the highest ARPU of US$ 32.99 (previously US$ 32.78 per month) while T-Mobile will generate the lowest ARPU of US$ 24.22 (previously US $24.06) per month.

* We are now forecasting that there will be some margin recovery among operators in Germany. T-Mobile, E-Plus, and O2 will see an increase in margins at 38.2%, 38.4%, and 27.4% in 2010; while and D2 (Vodafone) will see some declines in EBITDA margins over the forecast period, coming in at 41.1% in 2010.

Some Charts Covered: (for more please follow the link provided)
Charts 1-68 Results & Forecasts for: CY04-CY10
Chart 1: PREPAID AND POSTPAID SUBSCRIBERS
Chart 2: SUBSCRIBER GROWTH (YoY)
Chart 3: SUBSCRIBERS BY OPERATOR
Chart 4: SUBSCRIBER GROWTH BY OPERATOR (YoY)
Chart 5: NET SUBSCRIBER ADDS BY OPERATOR
Chart 6: NET SUBSCRIBER ADDS GROWTH BY OPERATOR
Chart 7: MONTHLY CHURN BY OPERATOR -
Chart 8: POST-PAID SUBSCRIBERS BY OPERATOR
Chart 9: POST-PAID SUBSCRIBER GROWTH BY OPERATOR (YoY)
Chart 10: PREPAID/WHOLESALE SUBSCRIBERS BY OPERATOR
Chart 11: PREPAID/WHOLESALE SUBSCRIBER GROWTH BY OPERATOR
Chart 12: POST-PAID % OF TOTAL SUBSCRIBERS BY OPERATOR
Chart 13: PREPAID/WHOLESALE % OF TOTAL SUBSCRIBERS BY OPERATOR
Chart 14: POST-PAID NET ADDS BY OPERATOR
Chart 15: POST-PAID ADDS GROWTH BY OPERATOR (YoY)
Chart 16: PREPAID/WHOLESALE NET ADDS BY OPERATOR
Chart 17: PREPAID/WHOLESALE ADDS GROWTH BY OPERATOR
Chart 18: GROSS ADDITIONS BY OPERATOR -
Chart 19: GROSS ADDITIONS GROWTH BY OPERATOR (YoY) -
Chart 20: MONTHLY ARPU BY OPERATOR
Chart 21: MONTHLY ARPU GROWTH BY OPERATOR (YoY %)
Chart 22: DATA % OF SERVICE REVENUES BY OPERATOR -
Chart 23: MONTHLY DATA ARPU BY OPERATOR -
Chart 24: DATA ARPU GROWTH BY OPERATOR (YoY) -
Chart 25: MONTHLY VOICE ARPU BY OPERATOR
Chart 26: VOICE ARPU GROWTH BY OPERATOR (YoY)
Chart 27: VOICE REVENUE PER MINUTE BY OPERATOR -
Chart 28: VOICE REVENUE PER MINUTE GROWTH BY OPERATOR (YoY) -
Chart 29: MOU PER SUBSCRIBER BY OPERATOR (MINUTES/MONTH) -
Chart 30: MOU/SUBSCRIBER GROWTH BY OPERATOR (YoY %) -
Chart 31: AGGREGATE MOU BY OPERATOR -
Chart 32: AGGREGATE MOU GROWTH BY OPERATOR (YoY %) -
Chart 33: SHARE OF TOTAL SUBSCRIBERS BY OPERATOR
Chart 34: HHI INDEX BY SUBSCRIBER SHARE
Chart 35: SHARE OF NET ADDS BY OPERATOR
Chart 36: SHARE OF POST-PAID NET ADDS BY OPERATOR
Chart 37: SHARE OF PREPAID/WHOLESALE NET ADDS BY OPERATOR
Chart 38: SHARE OF GROSS ADDS BY OPERATOR -
Chart 39: SHARE OF SERVICE REVENUE BY OPERATOR
Chart 40: HHI INDEX BY SERVICE REVENUE SHARE
Chart 41: YoY CHANGE IN REVENUE SHARE BY OPERATOR
Chart 42: REPORTED REVENUE BY OPERATOR (REPORTING CURRENCY)
Chart 43: SERVICE REVENUE BY OPERATOR (REPORTING CURRENCY)
Chart 44: EBITDA BY OPERATOR (REPORTING CURRENCY)
Chart 45: CAPEX BY OPERATOR (REPORTING CURRENCY)
Chart 46: SERVICE REVENUE GROWTH BY OPERATOR (YoY)
Chart 47: EBITDA GROWTH BY OPERATOR (YoY)
Chart 48: EBITDA/REPORTED REVENUE BY OPERATOR
Chart 49: EBITDA/SERVICE REVENUE BY OPERATOR
Chart 50: EBITDA/INCREMENTAL SERVICE REVENUE BY OPERATOR
Chart 51: CAPEX/REPORTED REVENUE BY OPERATOR
Chart 52: CAPEX/SERVICE REVENUE BY OPERATOR
Chart 53: (EBITDA-CAPEX)/REPORTED REVENUE BY OPERATOR
Chart 54: EBITDA MARGIN EXPANSION/CONTRACTION BY OPERATOR
Chart 55: REPORTED REVENUE BY OPERATOR (USD)
Chart 56: ARPU BY OPERATOR (USD)
Chart 57: DATA ARPU BY OPERATOR (USD) -
Chart 58: VOICE REV/MINUTE BY OPERATOR (USD) -
Chart 59: SERVICE REVENUE BY OPERATOR (USD)
Chart 60: EBITDA BY OPERATOR (USD)
Chart 61: CAPEX BY OPERATOR (USD)
Chart 62: REPORTED REVENUE BY OPERATOR (EUR)
Chart 63: ARPU BY OPERATOR (EUR)
Chart 64: DATA ARPU BY OPERATOR (EUR) -
Chart 65: VOICE REVENUE/MINUTE BY OPERATOR (EUR) -
Chart 66: SERVICE REVENUE BY OPERATOR (EUR)
Chart 67: EBITDA BY OPERATOR (EUR)
Chart 68: CAPEX BY OPERATOR (EUR)