Telecommunications: Telekom wants to buy back shares worth two billion euros
A plus in sales and profit in the third quarter, higher targets for the full year, a higher dividend: Telekom is delighting its shareholders. In the background, the company is pursuing further plans.
The Deutsche Telekom plans to increase its dividend by 10% to €1.10 per share, following the success of its US subsidiary T-Mobile. The company also announced a share buyback program worth up to €2 billion. Despite reporting a 5.5% increase in revenue to €31.1 billion and a 12.7% rise in adjusted net profit to €3.0 billion for the July-September quarter, the company's shares fell over 1% on Thursday. The company's debt burden rose to €134.2 billion, a €1.7 billion increase from the end of last year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
