Highlights

For further media information releases, please refer to our website.

Developments at senior management level

On September 2, 2026, the Supervisory Board resolved to appoint Jan Hofmeyr as the Board member responsible for the Product and Technology Board department effective November 1, 2026. Mr. Hofmeyr succeeds Dr. Christian Illek, who had temporarily assumed responsibility for the department effective April 1, 2026 alongside his role as Chief Financial Officer.

The Supervisory Board additionally resolved on September 2, 2026 to terminate Dr. Christian Illek’s position as the Board member responsible for the Finance Board department and to approve his termination agreement effective midnight on April 30, 2027. In the same meeting, the Supervisory Board appointed Dhananjay Mirchandani to the Board of Management effective May 1, 2027, and assigned to him the Finance Board department.

Guidance raised again for the 2026 financial year

We are raising our guidance for adjusted EBITDA AL and free cash flow AL of the Group again for the 2026 financial year. Instead of around EUR 47.5 billion, we now expect to post adjusted EBITDA AL of around EUR 47.6 billion. Instead of the previous level of around EUR 20.0 billion, we now expect to post free cash flow AL of around EUR 20.1 billion.

Shareholder remuneration

On the basis of the results expected for the 2026 financial year as well as the finance strategy communicated at the 2024 Capital Markets Day, the Board of Management of Deutsche Telekom AG plans to propose to the 2027 Shareholders’ Meeting the distribution of a dividend of EUR 1.10 per share for the 2026 financial year and to buy back shares for up to EUR 2 billion in the 2027 financial year.

Transactions

Increase to Deutsche Telekom AG’s 2026 share buy-back program. Since January 5, 2026, Deutsche Telekom AG has been buying back shares as part of a buy-back program. On August 6, 2026, the Board of Management resolved to increase the current 2026 share buy-back program by up to another EUR 3 billion. In addition to the share buy-back already underway since the start of 2026 with a scope of up to EUR 2 billion, the share buy-backs could now reach up to EUR 5 billion in total by the end of the year.

Dividend increase at T‑Mobile US. On September 24, 2026, T‑Mobile US announced that the Board of Directors had declared a cash dividend under the 2026 shareholder return program of USD 1.17 per share payable from the fourth quarter of 2026; a quarter-on-quarter increase of USD 0.15.

Sale of spectrum licenses in the United States. On August 10, 2026, T‑Mobile US completed the sale of the 800 MHz spectrum licenses to Grain in exchange for cash consideration of EUR 2.5 billion and the receipt of Grain’s 600 MHz spectrum licenses with a value of EUR 0.6 billion.

Agreement on the acquisition of Fiberhost and Inea in Poland. On August 17, 2026, Deutsche Telekom agreed to acquire 100 % of Fiberhost, a Polish open-access fixed-network operator, together with 100 % of Inea, a retail broadband and TV service provider, from a fund managed by Macquarie Asset Management. The transaction strengthens subsidiary T‑Mobile Polska’s transformation into a fully convergent telecommunications provider in Poland. The transaction is subject to regulatory approvals as well as other customary closing conditions and is expected to close in the fourth quarter of 2026 or the first quarter of 2027.

Establishment of a joint venture with AT&T and Verizon in the United States. On September 14, 2026, T‑Mobile US entered into definitive agreements and formed a joint venture with AT&T and Verizon. The joint venture aims to end wireless dead zones in the United States, including in rural areas, and help satellite providers reach more customers through a unified platform.

Acquisition of i3 Broadband in the United States. On October 1, 2026, the transaction was completed under which T‑Mobile US and an affiliate of Wren House are to establish a joint venture to acquire i3 Broadband, one of Wren House’s existing fiber portfolio companies. All necessary regulatory approvals had been duly granted and all other customary closing conditions were met.

For further information on these transactions, please refer to the sections “Development of business in the Group,” “Group organization, strategy, and management,” and “The economic environment” in the interim Group management report, and the sections “Other transactions that had no effect on the composition of the Group,” “Changes in the composition of the Group and other transactions,” and “Intangible assets” in the interim consolidated financial statements.

Network build-out and investments in networks

Germany. As of September 30, 2026, our 5G network was available to around 99 % of the German population, and a total of 14.4 million households and companies can subscribe to a fiber-optic line with us.

Europe. As of September 30, 2026, our national companies covered on average 95.4 % of the population in our European footprint with 5G, and a total of 12.0 million households can access our fiber-optic network offering gigabit speeds.

Letter of intent for mobile satellite services in Europe. On October 19, 2026, Deutsche Telekom, Orange, Telefónica, and Vodafone signed a letter of intent to explore a potential joint bid for the future allocation of spectrum for mobile satellite services (MSS) in Europe. The initiative supports the European Commission’s ambition to strengthen Europe’s sovereignty, security, and resilience in critical connectivity infrastructure.

For further information, please refer to our media report.

Events

Digital X digitalization initiative. On September 8, 2026, the city of Cologne played host to Digital X, a cross-industry Deutsche Telekom initiative showcasing digitalization trends and the hot topic of this year: AI. Digital X brings together the tech and digital economy, hands-on business applications, and social and political perspectives in one place under the slogan “Navigate What’s Next.” Around 6 thousand guests heard talks by leading voices from business, politics, and academia, and watched demonstrations on everything from cybersecurity applications to AI agents, bot assistants, and emergency medical care.

For further information, please refer to our media kit.

Deutsche Telekom’s AI Investor Day. On October 5, 2026, at our AI Investor Day in Bonn, we demonstrated how artificial intelligence (AI) translates into a measurable contribution to the business. We presented applications from across the entire Group: from products for consumers to industrial AI and applications in network planning and management. The focus was on generating additional revenue, reducing costs, and delivering even higher quality to our customers. For the 2026 financial year, we expect to generate around EUR 250 million in AI-related revenue from businesses – outside of the United States. By 2030, we aim to increase this figure to around EUR 800 million. Overall, we expect AI-driven revenue outside of the United States to exceed EUR 1 billion in this period. For 2027, we expect AI and automation to generate gross savings of approximately EUR 1.1 billion outside of the United States compared to 2023, and to achieve savings in indirect costs of around EUR 2.5 billion by 2030, also compared to 2023. Furthermore, Deutsche Telekom confirmed its medium-term targets.

For further information, please refer to our media report.

Cooperations, partnerships, and major deals

5G campus network for Port of Hamburg. At the Container Terminal Altenwerder (CTA) operated by Hamburger Hafen und Logistik AG, we have deployed a private 5G campus network in partnership with Ericsson. The network provides state-of-the-art mobile technology and supports critical logistics processes as well as real-time applications. It also serves as a digital test environment for innovative port solutions, enabling new technologies to be tested and developed under real operating conditions.

For further information, please refer to our media report.

Secure quantum networks in Europe. Deutsche Telekom and the AIT Austrian Institute of Technology have each been awarded new Coordination and Support Actions by the European Commission. We will coordinate PETRUS2, while AIT will coordinate HarmoniQCI, two complementary projects, both supporting the development, standardization, and long-term sustainability of secure pan-European quantum communication infrastructures.

For further information, please refer to our media report.

Long-term basketball partnership. We have extended our media partnership with the German Basketball Federation (DBB) through the end of 2029. MagentaTV and MagentaSport will show friendly matches and test games for both the men’s and women’s national teams, plus the DBB Supercup, World Cup and European Championship campaigns, qualifiers, EuroLeague games, and Germany’s EuroCup matches. MagentaSport broadcasts home fixtures with an expert commentary team directly from the arena accompanied by interviews, analysis, and exclusive behind-the-scenes content.

For further information, please refer to our media report (German only).

AI processes for health and long-term care insurers. We are joining forces with healthtech enterprise caery to deliver AI-powered automation of assessing claims as well as billing processes for health insurance and long-term care insurance providers on T Cloud Public. The solution will integrate into health insurers’ existing system landscapes via standardized interfaces. The goal is to meet the health sector’s requirements for data protection, security, compliance, and digital sovereignty.

For further information, please refer to our media report (German only).

Products, rate plans, and services

Rebrand: Cosmote becomes Telekom. At the beginning of September 2026, the OTE Group in Greece rebranded to “Telekom.” OTE’s products, services, and digital channels will adopt Deutsche Telekom’s global “T” logo and its distinctive Magenta color identity. Enhanced international integration and the leveraging of synergies will generate even greater value both for customers and for our Greek subsidiary – with new opportunities for next-generation digital experiences, products, and solutions.

For further information, please refer to our media report.

T-Travel for international travelers. On September 21, 2026, we launched T-Travel, a global eSIM product for mobile data use abroad. Users can book mobile data packages for more than 200 destinations on a new digital platform and activate them directly on an eSIM-enabled device – regardless of their current mobile provider. T-Travel complements our existing roaming offers, which remain unchanged.

For further information, please refer to our media report.

Awards

For information on our awards for responsible corporate governance, please refer to our website.