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Highlights in the third quarter of 2022

For further information on these and other events, please refer to our media information.

Guidance raised and dividend proposal for the 2022 financial year

In view of the sound business performance, we are again raising our guidance for adjusted EBITDA AL of the Group for the 2022 financial year. Instead of around EUR 37 billion, we now expect to post adjusted EBITDA AL of more than EUR 37 billion. We are also raising our guidance for adjusted earnings per share, which we now expect to surpass EUR 1.50. Against the background of the results of the first nine months of 2022 and subject to the approval of the Supervisory Board, the Board of Management plans to propose to the shareholders’ meeting, which will resolve on the appropriation of net income for the 2022 financial year, to pay out a dividend of EUR 0.70 per share for the 2022 financial year.

For more information, please refer to the section “Forecast” in the interim Group management report.


Agreement with DigitalBridge and Brookfield on GD Towers. On July 13, 2022, Deutsche Telekom agreed to sell a 51.0 % stake in GD Towers, comprising its tower assets in Germany and Austria, currently assigned to the Group Development operating segment, to DigitalBridge and Brookfield. Deutsche Telekom will retain a 49.0 % stake, benefiting from future value upside at GD Towers. The transaction is subject to approval by the regulatory authorities and is expected to be completed by the start of 2023.

New limited partners admitted to infrastructure fund DIV II. In August and September 2022, Digital Transformation Capital Partners admitted new investors to the investment company Digital Infrastructure Vehicle II (DIV II). As a result, Deutsche Telekom’s share in DIV II decreased from 66.67 % to 41.25 % and the entity was deconsolidated in the third quarter of 2022.

Agreement with Cogent to sell the U.S. wireline business. On September 6, 2022, T‑Mobile US reached an agreement with Cogent Infrastructure (Cogent) on the sale of the fiber-optic-based wireline business of the former Sprint. The transaction is subject to approval by the authorities as well as other closing conditions. The transaction is expected to be completed in the second half of 2023.

For further information on corporate and other transactions, please refer to the section “Group organization, strategy, and management” in the interim Group management report and the section “Changes in the composition of the Group and other transactions” in the interim consolidated financial statements.

T‑Mobile US

Share buy-back program. On September 8, 2022, T‑Mobile US announced that its Board of Directors has authorized a share buy-back program for up to USD 14.0 billion of the company’s common stock through September 30, 2023. Repurchases are expected to be made from available cash on hand and proceeds of one or more debt issuances or other borrowings, based on the company’s evaluation of market conditions and other factors. By September 30, 2022, T‑Mobile US had bought back around 4.9 million shares with a total volume of USD 0.7 billion (EUR 0.7 billion) under this program. On September 15, 2022, T‑Mobile US issued senior notes with a total volume of USD 3.0 billion (EUR 3.0 billion) and intends to use the cash proceeds for general business purposes, which may include, among other things, the financing of the share buy-back program and the early repayment of higher-interest bonds.

Rating upgrade. In July 2022, the rating agency Moody’s upgraded the rating for our subsidiary T‑Mobile US from Ba2 to Baa3 with a stable outlook. Standard & Poor’s (S&P) raised their rating for T‑Mobile US in August 2022, from BB+ to BBB- with a positive outlook. Together with the existing BBB- rating with a positive outlook from Fitch, our U.S. subsidiary has now secured its first-ever full investment grade rating at all three major rating agencies.

Investments in networks

Network build-out in Germany. At the end of the third quarter of 2022, our 5G network was available to 93.5 % of households in Germany – in more than 540 cities and towns on the fast frequency of 3.6 GHz.

A total of around 4.5 million households in Germany thus had the option of a direct connection to our fiber-optic network as of September 30, 2022.

Network build-out in the United States. T‑Mobile US’ Ultra Capacity 5G network in the fast 2.5 GHz and millimeter-wave (mmWave) bands covered 250 million people across the United States as of the end of the third quarter of 2022. Our U.S. subsidiary already reaches 97 % of the population of the United States with its 600 MHz spectrum. Leveraging its extensive 5G network, in July 2022, T‑Mobile US improved access to its high-speed internet service (5G Home Internet) in 32 cities and towns across California. A further 81 cities and towns were hooked up across Colorado, Iowa, Kansas, Missouri, and Oklahoma. In September 2022, our U.S. subsidiary expanded its footprint of 5G Home Internet across six more states in the Northeast. By the end of the third quarter of 2022, a total of more than 40 million households across the United States were eligible for T‑Mobile US’ 5G Home Internet.

The bidding phase of the Federal Communications Commission’s latest spectrum auction – FCC Auction 108 – in the United States closed on August 29, 2022, whereupon T‑Mobile US was awarded a further 7,000 2.5 GHz licenses, for which it paid a total of around USD 0.3 billion (EUR 0.3 billion). These new spectrum licenses will allow T‑Mobile US to reach some 81 million people in predominantly rural areas. Our U.S. subsidiary plans to bring Ultra Capacity 5G to further towns across the United States, as well as to significantly increase the bandwidths in many places that are already covered with Ultra Capacity 5G. On August 8, 2022, T‑Mobile US reached agreements with Channel 51 License and LB License on the acquisition of licenses in the 600 MHz spectrum for an aggregate purchase price of USD 3.5 billion (EUR 3.4 billion). The licenses are to be acquired without any associated network assets. T‑Mobile US currently utilizes these licenses under an existing arrangement covering fixed-term spectrum leases. The transactions are expected to be completed between mid and late 2023.

Network build-out in Europe. As of the end of the third quarter of 2022, our national companies covered 40.7 % of the population in our European footprint with 5G.

As of September 30, 2022, a total of around 7.7 million households in our European footprint had the option to subscribe to a direct connection to our fiber-optic network with speeds reaching up to 1 Gbit/s.

Cooperations, partnerships, and major deals

World exhibition of digitalization: Digital X 2022. On September 13 and 14, 2022, the Digital X exhibition took place in Cologne. Together with more than 300 partners, over 200 brand houses, and around 60 start-ups, Europe’s leading digitalization initiative presented trends and technical innovations covering topics from 5G, IoT, and autonomous driving, to the metaverse and robotics. Around 70,000 visitors experienced the megatrends around mobility, security, new work, urbanization, and sustainability live and up close on dedicated routes through Cologne.

For further information, please refer to our media report.

Partnership with SpaceX in the United States. In August 2022, T‑Mobile US and SpaceX announced joint plans that will enable our U.S. subsidiary to bring cell phone connectivity to its customers in parts of the United States previously without cell tower coverage using SpaceX’s Starlink satellites. To provide this service, the two companies will create a new network, broadcast from Starlink’s satellites using T‑Mobile US’ mid-band spectrum nationwide. With this technology, T‑Mobile US is planning to give customers text message coverage, including MMS and participating messaging apps, practically everywhere in the United States, Puerto Rico, and territorial waters. As a next step, the companies plan to pursue the addition of voice and data coverage.

Fiber partnership in Austria. In August 2022, Magenta Telekom and the French investor Meridiam agreed to establish a strategic partnership for the largest private fiber-optic build-out initiative in Austria. By 2030, the companies are set to invest around EUR 1 billion in the roll-out of fiber to connect over 650,000 households and businesses to high-speed internet (FTTH). The strategic partnership will target rural regions and cities.

For further information, please refer to our media report.

Partnership with Google Cloud expanded. We are expanding our partnership with Google Cloud with plans to define a joint roadmap for the telecommunications industry bringing the power of the cloud closer to mobile and connected devices. Telecommunications service providers are reimagining their network infrastructures and creating new cloud-based models for network deployment. Partnering with companies like Google Cloud enables us to create more secure, reliable, and scalable networks.

For further information, please refer to our media report.

T‑Systems moves Continental’s SAP to the private cloud. In September 2022, the companies jointly announced that one of Germany’s largest SAP system landscapes is moving to the cloud: T‑Systems will transfer Continental AG’s over 450 SAP systems to the private cloud in Frankfurt/Main, where the IT service provider will continue to deliver support services for the SAP operating system until at least the end of 2027. The contract covers all services related to operation: from consulting to the hotline.

For further information, please refer to our media report.

Products, rate plans, and services

IT made easy for small U.S. businesses. T‑Mobile US is joining forces with Apple to introduce a plan especially for small businesses. Available since July 21, 2022, Business Unlimited Ultimate+ for iPhone is the first and only wireless plan that makes IT easy for small businesses, pairing Apple Business Essentials with AppleCare+ for Business Essentials, along with a new iPhone 13, 200 GB of high-speed hotspot data per month, and more.

New smartphone from Nothing exclusive to Deutsche Telekom. The innovative Phone (1) by British manufacturer Nothing hit the market on July 21, 2022 with Deutsche Telekom being the sole network provider in Germany to offer the device. The Phone (1) is impressive with its innovative design and use of the latest technology, and comes delivered with the new Nothing OS based on Android.

For further information, please refer to our media report.

New MagentaMobil rate plans. We launched a new rate plan for mobile customers starting July 1, 2022. The new portfolio offers more data volume and extra price advantages thanks to additional SIM cards: the MagentaMobil PlusKarte. The main card determines how much data volume each additional card gets. The second card generally costs only EUR 19.95 per month and the monthly price for each card on top of that is EUR 9.95. What’s new is that all MagentaMobil PlusKarte SIM cards added to the rate plan are automatically given the same data volume as the main card.

For further information, please refer to our media report.


The illustration below shows the main awards received in the third quarter of 2022.

Main awards in the third quarter of 2022 (graphic)
Further information on awards can be found using the following links:
New communications standard (launched from 2020), which offers data rates in the gigabit range, converges fixed-network and mobile communications, and supports the Internet of Things.
AL – After Leases
Since the start of the 2019 financial year, we have taken the effects of the first-time application of IFRS 16 “Leases” into account when determining our financial performance indicators. “EBITDA after leases” (EBITDA AL) is calculated by adjusting EBITDA for depreciation of the right-of-use assets and for interest expenses on recognized lease liabilities. When determining “free cash flow after leases” (free cash flow AL), free cash flow is adjusted for the repayment of lease liabilities.
FTTH – Fiber To The Home
In telecommunications FTTH means that the fiber-optic cable is terminated right in the user’s home or apartment.
IoT – Internet of Things
The IoT enables the intelligent networking of things like sensors, devices, machines, vehicles, etc., with the aim of automating applications and decision-making processes. Deutsche Telekom’s IoT portfolio ranges from SIM cards and flexible data rate plans to IoT platforms in the cloud and complete solutions from a single source.
Mobile customers
In the combined management report, one mobile communications card corresponds to one customer. The totals were calculated on the basis of precise figures and rounded to millions or thousands. Percentages were calculated on the basis of the figures shown (see also SIM card).
SIM card – Subscriber Identification Module card
Chip card that is inserted into a cell phone to identify it in the mobile network. Deutsche Telekom counts its customers by the number of SIM cards activated and not churned. Customer totals also include the SIM cards with which machines can communicate automatically with one another (M2M cards). The churn rate is determined and reported based on the local markets of the respective countries.