Telekom boss Timotheus Höttges is satisfied with the current figures.
(Photo: imago images/Future Image)
Berlin Deutsche Telekom is not being deterred by the global economic slowdown and is raising its outlook again. “In a difficult economic environment, we continue to grow,” said company boss Tim Höttges on Thursday and added: “Our investments are paying off.” Outlook. So far it has been more than 36.6 billion euros.
It is the second time this year that Telekom has raised the bar in its forecast. It follows the US subsidiary T-Mobile US, which is extremely important for the business and has already increased its outlook.
In the second quarter, Bonn-based Ebitda AL climbed by five percent to 9.9 billion euros. Sales increased by 5.9 percent to 28.2 billion euros, although organically they stagnated due to the strong dollar and consolidation effects. That was within the expectations of the analysts, who had expected an average of 28.23 billion euros. The company ended up slightly above estimates for adjusted Ebitda AL.
In July, Deutsche Telekom announced the sale of a majority stake in its cell tower business for EUR 10.7 billion to the two North American investors Brookfield Asset Management from Canada and DigitalBridge from Florida. The transaction is expected to close in 2022. At the end of the quarter, GD Towers’ radio tower business comprised 40,700 locations and generated EUR 285 million from April to June.
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The adjusted Ebitda AL increased by 7.2 percent to 174 million euros. Telekom also intends to use the proceeds from the sale to finance the acquisition of a majority stake in T-Mobile US. It is expected that the Bonn-based company will soon buy more shares from the Japanese technology investor Softbank in order to finally achieve this goal.
More: The Telekom share breaks through the 20-euro wall?