Deutsche Telekom Lifts Buyback by Up to $3.5 Billion, Raises Key Metric Guidance

By Najat Kantouar

Deutsche Telekom raised its full-year share buyback program by up to 3 billion euros ($3.47 billion) and lifted guidance for a key metric after posting higher revenue in the second quarter.

The German telecommunications company now expects free cash flow after leases of around 20.0 billion euros, up from more than 19.8 billion euros previously.

The increase reflects the adjustment announced by T-Mobile US, it said Thursday.

The group still anticipates adjusted earnings before interest, taxes, depreciation and amortization after leases of around 47.5 billion euros and adjusted earnings per share at around 2.20 euros.

For the second quarter, adjusted earnings before interest, taxes, depreciation and amortization after leases--a closely watched profitability metric in the industry--increased to 11.82 billion euros from 11 billion euros.

Revenue rose to 29.93 billion euros from 28.67 billion euros, boosted by growth across all its units, including Germany, the U.S. and Europe. Meanwhile, service revenue edged up 4.8% to 25.41 billion euros.

Analysts had forecast revenue at 29.955 billion euros and adjusted Ebitdaal at 11.702 billion euros, according to a company-compiled consensus.

Meanwhile, net profit fell to 2.45 billion euros from 2.615 billion euros.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

August 06, 2026 01:39 ET (05:39 GMT)