Overview
- On Thursday Deutsche Telekom reported Q2 revenue of €29.93 billion and an adjusted operating profit of €11.82 billion, and raised its full‑year free‑cash‑flow target to around €20 billion.
- The company said it will increase its ongoing share buyback by up to €3 billion to a total of up to €5 billion, a move that sent the stock up about 5–7 percent in intraday trading.
- MagentaTV added roughly one million new sign‑ups tied to World Cup broadcasts, but the firm acknowledged most were on month‑to‑month 'Flex' plans and did not disclose how many remained active at the June 30 reporting date.
- T‑Systems showed a notable weakness with incoming orders down about 6.6 percent to €4.1 billion, a shortfall management attributed in part to seasonal effects and said it expects demand to revive later in the year.
- Analysts say the enlarged buyback reduces pressure for a full merger with majority‑owned T‑Mobile US, management downplayed Starlink’s US mobile plans as a near‑term threat, and the group is shifting emphasis toward cloud and AI infrastructure such as a planned Munich data center with Nvidia.