Bonner Dax-Konzern: Deutsche Telekom legt kräftig zu

Deutsche Telekom, a major DAX company, experienced significant growth in the most recent quarter, primarily driven by its US subsidiary T-Mobile US. Both revenue and profit surged surpassing expectations from analysts. The outlook was further upgraded. Moreover, the company plans to buy back its own shares, up to a value of two billion euros, although this announcement was met with disappointment.

T-Mobile US's share price saw a decline, primarily due to SpaceX, controlled by billionaire Elon Musk, acquiring mobile frequencies. This could potentially establish another competitor. Deutsche Telekom holds slightly more than half of T-Mobile US's shares. The acquisition of these shares, valued at around 80 billion euros, made up the majority of the US company's announcement.

Meanwhile, Höttges impressed with a strong performance in the third quarter. Revenue grew by 7.5%, reaching nearly 31 billion euros, with a currency-adjusted growth of 5.5%. Operating profit increased by nearly 10%, reaching approximately 12.2 billion euros. The company also plans to raise its dividend by ten percent to 1.10 euros per share.

The largest shareholder in Deutsche Telekom is the German government, holding nearly 30% of the company's shares. According to a "Handelsblatt" report, DAX chief Timotheus Höttges is determined to push forward a plan for a complete merger with T-Mobile US, which would be one of the largest mergers of two listed companies. Currently, the focus is on securing the support of Chancellor Friedrich Merz (CDU) and the German federal government, as reported by insider sources.