Highlights
For further information on these and other events, please refer to our media information.
For comprehensive information on the T-Share, please visit our Investor Relations website.
Guidance raised again for the 2024 financial year
In view of the overall sound business performance, we are raising our guidance for adjusted EBITDA AL of the Group for the 2024 financial year. Instead of around EUR 42.9 billion, we now expect to post adjusted EBITDA AL of around EUR 43.0 billion.
Events
Capital Markets Day 2024. On October 10 and 11, 2024, we presented our medium-term strategy and the financial outlook at our Capital Markets Day. With an enhanced strategy, we are aiming for a new phase of growth up to 2027, driven by further customer and revenue growth, and the evolution of the business model. Key factors in this will be global economies of scale and the systematic use of artificial intelligence and data. The dividend will continue to track the development in adjusted earnings per share. This figure is expected to rise to around EUR 2.5 by 2027, with 40 to 60 % of adjusted earnings per share to be paid out. For 2025, we are planning a total of up to EUR 6.4 billion in shareholder remuneration including share buy-backs of up to EUR 2 billion. The dividend for the 2024 financial year is expected to rise to EUR 0.90 per share. These plans by the Board of Management are subject to the necessary approvals by the relevant corporate bodies.
For further information, please refer to the section “Group organization, strategy, and management” in the interim Group management report and to our media special.
T‑Mobile US’ Capital Markets Day. T‑Mobile US unveiled its growth strategy and financial targets through 2027 at its Capital Markets Day on September 18, 2024. Our U.S. subsidiary expects to see accelerating growth in its key financial metrics, while also aiming to grow the 5G broadband customer base and to gain profitable market shares. This will be underpinned by measures that include ongoing investments in the network and in digitalization, e.g., artificial intelligence (AI). T‑Mobile US plans to extend its network leadership position by innovative technologies like AI-RAN and 5G Advanced, to deliver AI-powered, transformative customer experiences. It will do this by drawing on the strengths of partnerships with OpenAI, as well as Nvidia, Ericsson, and Nokia. T‑Mobile US also announced it intends to increase the quarterly cash dividend by USD 0.23 or around 35 % to USD 0.88, starting the fourth quarter of 2024. Up to USD 50 billion is expected to be made available for dividends and share buy-backs by 2027.
Digitalization exhibition: Digital X 2024. Under the headline “Ready for impact,” Europe’s leading digitalization initiative – hosted by Deutsche Telekom – took place on September 18 and 19, 2024, presenting innovations and technologies covering the topics of AI, digital literacy, and digital sovereignty. Some 50 thousand visitors attended the event in Cologne to experience the latest developments in digitalization and learn about the megatrends of sustainability and responsibility, security, connected business, and future of work.
For further information, please refer to our media special.
Transactions
Deutsche Telekom AG’s share buy-back program. Since January 3, 2024, Deutsche Telekom AG has been buying back shares as part of a buy-back program. The buy-back of up to a total volume of EUR 2 billion will be carried out in several tranches through December 31, 2024. As of September 30, 2024, Deutsche Telekom AG had bought back around 64 million shares with a total volume of EUR 1.5 billion.
For detailed information on the 2024 share buy-back program, please refer to our Investor Relations website.
T‑Mobile US’ shareholder return program from September 2023 continued. On September 6, 2023, T‑Mobile US announced a USD 19 billion shareholder return program comprising share buy-backs and dividends to be paid out, due to run through December 31, 2024. T‑Mobile US paid cash dividends in the first nine months of 2024 of USD 0.65 per share and quarter, the Board of Directors declared a further cash dividend of USD 0.88 per share for the fourth quarter of 2024, and further shares were bought back.
Agreement on the acquisition of Metronet in the United States. On July 18, 2024, T‑Mobile US entered into an agreement with KKR on the acquisition of the fiber-to-the-home platform Metronet and some of its subsidiaries. The transaction is subject to regulatory approvals as well as other customary closing conditions and is expected to close in 2025.
For further information on these transactions, please refer to the sections “Group organization, strategy, and management” and “Development of business in the Group” in the interim Group management report and the sections “Changes in the composition of the Group and other transactions” and “Other transactions that had no effect on the composition of the Group” in the interim consolidated financial statements.
Network build-out
Germany. As of the end of the first nine months of 2024, our 5G network was available to 97.5 % of the German population, and a total of 9.3 million households and companies can subscribe to a fiber-optic line with us.
Europe. As of the end of the first nine months of 2024, our national companies covered on average 72.4 % of the population in our European footprint with 5G, and a total of 9.7 million households can access our fiber-optic network offering gigabit speeds.
Cooperations, partnerships, and major deals
Optical fiber. In July 2024, Deutsche Telekom signed a cooperation agreement on optical fiber with regional provider R-Kom in Regensburg. Around 100 thousand residential and commercial units city-wide are set to benefit from the cooperation. We also offer third parties access to these networks on the basis of open access.
5G campus networks. Deutsche Telekom’s private 5G campus network for Merseburg University of Applied Sciences went live in August 2024. The new network enables the university to research 5G applications, such as autonomous driving, logistics applications, applications for industry and the healthcare sector, or augmented reality.
For further information, please refer to our media report.
TV offering expanded in Greece. In the third quarter of 2024, our national company in Greece reached an agreement with its competitor, Nova, that will drive forward the Greek pay-TV market. Our TV customers in Greece who subscribe to a Sports package will in future be able to watch all Novasports channels for a minimal extra charge. This deal is a decisive step towards combating the rampant spread of content piracy in Greece by making almost all of the sports events broadcast in the Greek market available on one platform.
Products, rate plans, and services
New mobile communication offerings. On August 1, 2024, we upgraded our existing MagentaMobil S to XL rate plans by including additional features. We also added the new MagentaMobil Basic plan positioned at an entry price point. On August 21, 2024, we expanded our range of offerings with new prepaid plans, upping the data allowance on our MagentaMobil Prepaid M to XL plans and the pay-yearly plan Jahrestarif. For the first time ever, we now also roll over unused data allowance on these prepaid plans to the following billing period.
Awards
Networks. In September 2024, Deutsche Telekom’s broadband and fixed-network services score “very good” in the Imtest (German only) network test. Also, Deutsche Telekom once again wins the Connect fixed-network test in Germany and Austria (both German only). In July 2024, the Ookla Speedtest yet again ranks T‑Mobile US’ mobile network as the unbeaten top performer for speed in the United States. Likewise, our national companies in Croatia and Austria (German only) win prizes for fastest mobile network and fastest fixed-network internet respectively.
Service. Deutsche Telekom wins more Connect Hotline Tests (German only): In August 2024, our MagentaTV customer service receives a top score of “outstanding” in every category. This is followed in September 2024 with a win for our fixed-network customer service. In Austria (German only), Magenta wins best-in-class broadband provider. In the Connect Shoptest, Deutsche Telekom wins for the outstanding quality of advice provided in our shops. Consumer magazine Chip ranks Deutsche Telekom #1 across all categories in its digital customer service tests.
Investor relations. Deutsche Telekom is Investors’ Darling (German only) among all DAX 40 companies: HHL Leipzig Graduate School of Management, in cooperation with Manager Magazin, votes us best for financial communication for the third time in succession with the #1 spot in its DAX 40 ranking of 2024. All in all, we have taken this top spot four times in the last five years. When also including MDAX and SDAX, we are #2 in the overall ranking of a total of 160 companies in 2024. In Extel’s annual investor survey (previously Institutional Investor), Deutsche Telekom takes second place for the best IR work among European telecommunications companies.
For information on awards for responsible corporate governance, please refer to our website and our 2023 CR Report.