* Q1 Adj. EBITDA 4.29 bln vs 4.25 bln avg in Reuters poll
* Q1 investments exceeded 3 bln euros
* Keeps 2013 outlook adj. EBITDA of around 17.4 bln euros
FRANKFURT, May 8 (Reuters) - Deutsche Telekom's operating profit fell 4.3 percent in the first quarter, hit by asurge in investment focused on its major markets in Europe.
First-quarter earnings before interest, tax, depreciationand amortisation (EBITDA), excluding special items, came in at4.29 billion euros ($5.6 billion), slightly above an averageforecast of 4.25 billion euros in a Reuters poll.
Deutsche Telekom said on Wednesday investments came to morethan 3 billion euros in the first quarter, up almost 40 percentfrom last year, mainly on expenditure for the acquisition ofmobile spectrum in the Netherlands.
Germany's former monopoly said it still expected EBITDA,excluding special items, to come in at around 17.4 billion eurosin 2013. That outlook excludes earnings streams from MetroPCS,which Deutsche Telekom bought and merged with its T-Mobile USAunit.
The Bonn-based company did not reiterate its outlook for2013 EBITDA, including MetroPCS, of around 18.4 billion.
"We will announce the impact that has on our figures when weannounce our halfyear figures in early August," the companysaid about the contribution of MetroPCS.
Vodafone (VOD)