Deutsche Telekom AG provides integrated telecommunication services worldwide through its subsidiaries. It operates in Germany, the United States, Europe, Systems Solutions, and Group Development segments. The company offers fixed-network voice and data services, mobile voice and data services, internet and internet-based TV products, and information and communication technology systems for multinational corporations and public sector institutions. It also provides wireless communications, cloud services, digital solutions, and security and advisory solutions. Founded in 1995, Deutsche Telekom AG is headquartered in Bonn, Germany.
Buyback boost and T-Mobile strength outweigh SpaceX threat
▲
Deutsche Telekom expands buyback to €5bn and raises cash flow outlook Deutsche Telekom added €3bn to its 2026 buyback, taking it to €5bn, after Q2 core profit beat expectations and it raised its 2026 free cash flow outlook to about €20bn. Buying back more shares reduces the number in issue, which supports the share price.
This is the main new company-specific event that directly lifts the shares.
▲
T-Mobile remains the profit engine and its outlook improved T-Mobile, majority-owned by Deutsche Telekom, again raised its free cash flow outlook and is the biggest driver of group revenue and profit. A stronger T-Mobile makes Deutsche Telekom's stake more valuable, underpinning the share price.
T-Mobile is the key value driver for DTE.XETRA and its improved outlook is new this period.
▲
SpaceX's wireless threat looks smaller than feared Analysts say SpaceX would need up to 1.5 billion small cells costing about $1,000 each to match T-Mobile's coverage, and its limited spectrum makes satellite service more of a rural supplement. This eases fears of a major competitive hit to T-Mobile.
It directly counters the main negative overhang on the shares from SpaceX.
▲
Deutsche Telekom joins AST SpaceMobile European satellite tests Deutsche Telekom is testing AST SpaceMobile's space-based mobile broadband across several European countries, aiming to extend coverage using normal smartphones. If successful, it could widen service reach and open new revenue, a modest positive for the shares.
It is a new partnership that could support future growth, though its near-term impact is limited.
Q3 2026
▲2▼2
Buyback boost and T-Mobile strength offset merger and SpaceX risks
▲
T-Mobile profit beat and raised cash flow guidance T-Mobile, Deutsche Telekom's key profit engine, beat profit estimates and repeatedly raised its free cash flow guidance, strengthening the parent company's financial outlook.
This directly boosts Deutsche Telekom's earnings and cash flow, supporting the stock.
▲
Expanded buyback and higher free cash flow outlook Deutsche Telekom expanded its 2026 share buyback to €5 billion and lifted its own free cash flow outlook to about €20 billion, signaling confidence and returning more cash to shareholders.
Buybacks reduce share count and support the stock price, while higher cash flow outlook improves investor sentiment.
▼
Opposition to $300bn merger reduces value-unlock hopes T-Mobile executives and major shareholders opposed a proposed $300 billion merger, citing regulatory and shareholder concerns, which reduced hopes for a value-unlocking deal.
The merger was seen as a potential catalyst; its failure removes a positive driver and may weigh on sentiment.
▼
SpaceX and Charter partnership threaten T-Mobile's US market SpaceX and Charter discussed a US mobile partnership, and SpaceX considered a Starlink retail mobile service, threatening T-Mobile's core US market and increasing competitive pressure.
This introduces new competition in T-Mobile's key market, potentially eroding market share and margins.
News & notes movingDTE.XETRA
European UnionGermanyUnited States
Cybersecurity & Digital Trust▲2
Cloudflare and Deutsche Telekom Partner to Expand Enterprise Security in Europe
Cloudflare and Deutsche Telekom announced a new partnership to expand enterprise security and connectivity services across Europe. Under the deal, Deutsche Telekom plans to offer Cloudflare's security and connectivity products to its enterprise customers through its existing sales and service channels. The collaboration includes solutions designed for European corporates running AI workloads and other data intensive applications. Deutsche Telekom's T-Systems arm effectively becomes a regional force multiplier for Cloudflare, though leaning on a large carrier intermediates Cloudflare's customer relationships and could add to customer-concentration risk. The article was produced by Simply Wall St.
Cybersecurity & Digital Trust › Network Security & SASE ▲Demand
Cybersecurity & Digital Trust › Cloud & Workload Security ▲Demand
Cybersecurity & Digital Trust › Endpoint & Network Security ▲Demand
Cloud & Digital Infrastructure › Edge & Content Delivery ▲Demand
DTE.XETRA · Demand · Positive Deutsche Telekom gains Cloudflare security/connectivity products to sell to its enterprise customers through its existing channels, strengthening its enterprise offering.
NET · Demand · Positive Deutsche Telekom will offer Cloudflare's security and connectivity products to its enterprise customers, expanding Cloudflare's distribution and end-customer reach in Europe.
Deutsche Telekom Deploys Titan.ium iDNS on Horizontal TelCo Cloud
Deutsche Telekom and Titan.ium announced the successful deployment of Titan.ium's cloud-native, microservices-based Infrastructure Domain Name System, or iDNS, on Deutsche Telekom's Horizontal TelCo Cloud, a milestone in their collaboration on the carrier's core network transformation. The deployment unifies fixed and mobile iDNS services in a single cloud-native solution, according to Christoph Hilz, Group senior vice president Core Network & Services at Deutsche Telekom, who said it simplifies operations and speeds innovation across both network domains. Titan.ium iDNS provides a scalable and resilient architecture for critical network services that complements Deutsche Telekom's shared cloud infrastructure. Essam Bakr, acting CEO of Titan.ium, said the solution lets individual components be updated independently, helping Deutsche Telekom use resources more efficiently and roll out service enhancements faster, while delivering fast DNS resolution, resilience under high traffic loads, low latency across geographically distributed deployments, and high throughput. iDNS complies with RFC standards and GSMA recommendations and offers load control, overload protection, DNS peer monitoring, automated certification management, proximity-based services, and split-horizon DNS for private network access, and is suitable for advanced 5G features such as dynamic discovery of the Security Edge Protection Proxy.
Bernstein Downgrades Deutsche Telekom, Names BT Top European Telecom Pick
Bernstein downgraded Deutsche Telekom to market-perform from outperform and cut its price target to €28.10 from €37, citing uncertainty around a possible merger with T-Mobile US, intensifying competition in German fixed-line broadband and a neutral view on T-Mobile US from its U.S. team. The brokerage said a potential outright combination with T-Mobile US would give Deutsche Telekom full exposure to the U.S. operator's growth prospects, but questioned whether the transaction would generate sufficient industrial synergies to justify the deal. Bernstein estimated that a takeover involving a 20% premium for T-Mobile US minority shareholders would dilute Deutsche Telekom shareholders by about 11%, and flagged potential flow-back pressure as former T-Mobile US shareholders would own about 42% of the combined company. The possible deal adds to existing concerns around Deutsche Telekom's German business, where Bernstein said German broadband revenue growth had slowed to 1.7% year-on-year in the first half of 2026 from 4.5% in the second half of 2023. Bernstein's U.S. team rates T-Mobile US market-perform with a $220 price target, while for BT the brokerage retained its outperform rating, raised its price target to 235 pence from 230 pence and named the British telecom operator its top pick among European telecom stocks. Elsewhere in the sector, Bernstein downgraded Tele2 to market-perform from outperform on valuation with a price target of 166 Swedish krona, and retained underperform ratings on Telia and Elisa.
Cricket Wireless Launches 5G Home Internet, Challenging T-Mobile and Verizon
Cricket Wireless, owned by AT&T, has entered the broadband market with the launch of Cricket 5G Home Internet, a fixed wireless service that went live on Sept. 16. The plan costs $65 per month, or $75 per month when bundled with Cricket Wireless for new customers, while existing Cricket Wireless customers can add it for $45 per month with the $5 autopay discount activated. The service runs on AT&T's network and offers unlimited data with typical download speeds of 90-300 Mbps, upload speeds of 8-30 Mbps, and latency of 30-65 milliseconds, with no installation appointments required. The launch comes as T-Mobile and Verizon have been gaining broadband customers, with T-Mobile reportedly adding roughly 520,000 broadband customers in the second quarter of 2026 and Verizon gaining about 348,000 internet customers during the quarter. Cricket joins a broader push for affordable internet, following AT&T's OneConnect plan at $90 per month, T-Mobile's refreshed fiber offerings starting at $45 per month, and Verizon's One plan at $70 per month.
T · Demand · Positive AT&T-owned Cricket Wireless launches Cricket 5G Home Internet on AT&T's network, expanding its fixed wireless broadband offering.
TMUS · Competition · Negative Cricket's new 5G home internet service challenges T-Mobile, which had been gaining broadband customers.
VZ · Competition · Negative Cricket's entry into fixed wireless broadband challenges Verizon, which had been gaining internet customers.
DTE.XETRA · Competition · Negative Cricket's new 5G home internet service challenges T-Mobile, Deutsche Telekom's US subsidiary.
Reaves Fund Flags T-Mobile Sell-Off on Renewed Wireless Competition
Reaves Long Term Value Wrap Strategy reported a 10.55% gain in the second quarter of 2026, outperforming the MSCI USA Infrastructure Index, which fell 6.31%, while cash distributions rose 6.7% from the second quarter of 2025. In its quarterly investor letter, the strategy singled out T-Mobile US as a detractor, citing renewed concerns about competitive intensity in US wireless. The letter said new pricing plans at Verizon and AT&T narrowed T-Mobile's premium gap at retail, while satellite headline risk reached feverish levels around the much-anticipated SpaceX IPO, and it added that it believes Starlink lacks the assets to be disruptive to wireless in the near term but acknowledged the overhang may persist. Rumors that parent company Deutsche Telekom may be interested in consolidating the T-Mobile minority shareholders also pressured the stock, according to the letter. T-Mobile closed at $176.26 per share on September 16, 2026, down 4.90% over the past month and 27.84% over the past year, with a market capitalization of $184.95 billion and a 52-week range of $165.66 to $242.37. The letter also noted that 85 hedge fund portfolios held T-Mobile at the end of the second quarter, unchanged from the previous quarter.
TMUS · Competition · Negative Renewed competitive intensity: Verizon and AT&T pricing plans narrowed T-Mobile's premium gap at retail.
TMUS · Capital · Negative Rumors that parent Deutsche Telekom may consolidate T-Mobile minority shareholders pressured the stock.
T · Competition · Positive New AT&T pricing plans narrowed T-Mobile's premium gap at retail, a competitive gain for AT&T.
VZ · Competition · Positive Verizon's new pricing plans narrowed T-Mobile's premium gap at retail, a competitive gain for Verizon.
DTE.XETRA · Capital · Neutral Rumors that Deutsche Telekom may be interested in consolidating T-Mobile minority shareholders; impact on DT itself unclear.
Iridium, Deutsche Telekom IoT and Toyota Send First Voice Message via Iridium NTN Direct
Iridium Communications and Deutsche Telekom IoT announced the successful transmission of a voice message over Iridium NTN Direct in a demonstration with Toyota, following the completion of technical integration and a global roaming agreement between the two companies. The message was sent from a Toyota vehicle equipped with a Nordic Semiconductor nRF9151 development board and a Deutsche Telekom IoT SIM, and was transmitted entirely via the Iridium satellite network during Telekom Satellite Day 2026. The first message sent, "testing, testing, one, two, freeway," demonstrated standards-based NB-IoT voice messaging over Iridium's fully operational low-Earth orbit satellite constellation, supported by Fraunhofer's AI-based NESC Voice Codec, which operates at bitrates of 1 kb/s or less. With the roaming agreement now completed, eligible Deutsche Telekom IoT customers using compatible standards-based NB-IoT devices will be able to roam between terrestrial networks and Iridium satellites, and selected European customers are already testing applications on the Iridium network using Deutsche Telekom's Global SIM. Iridium NTN Direct is slated for commercial availability in Q4 2026, extending coverage through Iridium's existing global L-band LEO constellation for automotive, logistics, remote utilities, smart agriculture and emergency response applications.
Space Economy › Direct-to-Device (satellite-to-cell) ▲Technology
Space Economy › Satellite Broadband, MSS & Ground Equipment ▲Demand
IRDM · Technology · Positive Iridium's NTN Direct successfully transmitted the first standards-based NB-IoT voice message over its LEO satellite network, advancing its direct-to-device service toward Q4 2026 commercial launch.
DTE.XETRA · Technology · Positive Deutsche Telekom IoT completed technical integration and a global roaming agreement enabling its IoT customers to roam between terrestrial networks and Iridium satellites.
7203.JP · Technology · Positive A Toyota vehicle equipped with the Nordic/Deutsche Telekom IoT setup sent the first voice message via Iridium NTN Direct, demonstrating the automotive use case.
0FF9.LSE · Technology · Positive Nordic Semiconductor's nRF9151 development board was the chip used in the Toyota vehicle to send the first Iridium NTN Direct voice message.
Four Major European Telecom Operators Discuss Establishing Consortium for Direct Satellite Communications
Deutsche Telekom, Orange, Vodafone Group, and Telefónica, four major European telecom operators, are in early discussions to establish a consortium to participate in the EU's satellite frequency auction and provide direct-to-mobile communications services. Bloomberg reported, citing sources familiar with the matter. The four companies aim to jointly win the allocation of the 2 GHz band that the EU reserves for operators within the bloc, but a final decision has not yet been made. In May, the EU announced plans to allocate most satellite frequencies for mobile phones to European companies. The European Commission will allocate two-thirds of the frequencies for the multi-orbit satellite constellation "IRIS2," consisting of 290 satellites, to commercial use, and distribute them equally between EU and non-EU operators. The consortium is expected to bid for the EU operator quota. IRIS2 is Europe's initiative to counter SpaceX's Starlink.
DTE.XETRA · Regulation · Positive Deutsche Telekom is among the four operators discussing a consortium to win the EU's reserved 2 GHz satellite band for direct-to-mobile services.
ORA.PA · Regulation · Positive Orange is one of the four European operators exploring a consortium to secure the EU's 2 GHz band allocation for direct-to-mobile satellite communications.
TNE5.XETRA · Regulation · Positive Telefónica is in early discussions to form a consortium to bid for the EU's operator quota of satellite frequencies.
VOD.LSE · Regulation · Positive Vodafone is in early talks to join a consortium bidding for the EU's 2 GHz satellite frequency allocation reserved for EU operators.
Verizon Leads Telecom Stocks in 2026 as T-Mobile Slips
Verizon Communications has emerged as the clear winner among major telecom stocks in 2026, with shares up 29% year-to-date, while T-Mobile dropped 9%, and AT&T gained 7%. Only Verizon beat the S&P 500's 13% gain, as dividend yield and fiber execution proved more valuable than 5G branding. Verizon's Q2 adjusted EPS of $1.30 beat consensus, and the company raised its full-year guidance to $4.99-$5.04 and expanded buybacks to $4.5 billion. AT&T also beat estimates with EPS of $0.65, accelerated buybacks to $10 billion, and generated $4.67 billion in quarterly free cash flow. T-Mobile reported the highest revenue growth at 7.9% but saw its stock decline amid narrowing subscriber growth and activist pressure on Deutsche Telekom.
T-Mobile Launches Super Essentials Saver Plan at Walmart
T-Mobile has quietly introduced a new low-priced phone plan called Super Essentials Saver, available exclusively at Walmart, following a series of price increases and discount changes. The plan costs $25 per line per month for a limited time with autopay, or $30 without it, and is cheaper than the Essentials Saver 2.0 plan at $50 per line per month. It offers up to two lines, unlimited 5G data with 50GB of premium data, unlimited talk, text, and hotspot, plus coverage in Canada and Mexico, and is only available to new T-Mobile customers. The launch comes as T-Mobile faces pressure to win price-conscious customers, with postpaid phone churn rising to 0.93% in 2025 from 0.86% in 2024, and amid intensifying wireless competition that has driven average unlimited plan costs down by over 10%.
Elliott Pressures Deutsche Telekom to Drop T-Mobile Merger Plan
Activist investor Elliott Investment Management has acquired a stake in Deutsche Telekom and is pressing the German telecom giant to abandon its planned merger with its U.S. subsidiary T-Mobile, according to two people familiar with the matter. Elliott opposes the merger and instead wants expanded share buybacks and other measures to boost shareholder value. The size of its stake is unclear, but under German law, holdings above 3% must be disclosed. Deutsche Telekom shares rose as much as 2.3% on Wednesday. Reuters reported in April that Deutsche Telekom was aiming to merge with T-Mobile, in which it holds about 54% of shares. In August, Deutsche Telekom announced it would expand its 2026 share buyback program by 3 billion euros ($3.48 billion) to up to 5 billion euros.
DTE.XETRA · Capital · Positive Elliott's stake and push for buybacks and shareholder-value measures lifted Deutsche Telekom shares.
Elliott Investment Management L.P. · · Neutral Elliott is the activist investor driving the campaign, but the article reports no financial impact on Elliott itself.
TMUS · · Neutral T-Mobile is the subsidiary at the center of the merger plan Elliott wants Deutsche Telekom to abandon, but no direct impact on T-Mobile itself is stated.
Optimum Communications announced an expanded, multi-year agreement with T-Mobile that will bring customers access to more advanced 5G capabilities, expanded device compatibility, and enhanced connectivity at home, at work, and on the go. The deal positions Optimum to continue growing its mobile business while strengthening its overall broadband growth trajectory.
SpaceX May Need 1.5 Billion Small Cells to Match T-Mobile
SpaceX's entry into wireless services may require up to 1.5 billion small cells to match T-Mobile's coverage, according to Bank of America, suggesting the move could actually benefit T-Mobile and tower operators. T-Mobile's CTO John Saw estimated that 500 million to 1.5 billion customer-hosted femtocells would be needed nationwide, costing nearly $1,000 each, plus additional expenses for power, fiber, zoning, and leasing. Bank of America also noted SpaceX's limited cellular spectrum, making satellite-to-device communication more likely to supplement rather than replace existing networks, especially in rural areas. Crown Castle argued that existing towers remain critical due to their existing infrastructure and permitting. Despite SpaceX's financial resources, matching current carriers' coverage, indoor performance, and mobility would take years, potentially creating opportunities for T-Mobile and tower operators.
TMUS · Competition · Positive SpaceX's move could benefit T-Mobile by highlighting its coverage advantages and potential for partnerships.
SPCX · Competition · Negative SpaceX's entry into wireless may require massive small cell deployment, facing challenges from existing carriers and towers.
CCI · Demand · Positive Crown Castle argues existing towers remain critical, implying continued demand for its infrastructure.
DTE.XETRA · Competition · Positive As T-Mobile's parent, Deutsche Telekom stands to benefit from T-Mobile's competitive position.
ISS Reports Strong H1 2026 Organic Growth and Raises Buyback
ISS reported first-half 2026 results with revenue up DKK3 billion and second-quarter organic growth of 8.9 percent. Operating margin improved to 4.6 percent, free cash flow reached DKK600 million including a DKK600 million one-time payment from Deutsche Telekom, and earnings per share rose 29 percent. The company increased its share buyback program to DKK3.1 billion following the Deutsche Telekom settlement and extended that contract by six years to 2035. Full-year 2026 guidance calls for organic growth above 6 percent, operating margin around 5.25 percent, cash conversion above 60 percent, and free cash flow above DKK3.1 billion.
Black & Veatch continues leading utility broadband spectrum strategy following 800 MHz portfolio sale
Black & Veatch announced the completion of Grain Management's acquisition of T-Mobile's 800 MHz spectrum portfolio, a transaction that enables U.S. utilities to immediately acquire licensed spectrum for private LTE/5G networks and grid modernization. Grain intends to make the 800 MHz Band 26 spectrum immediately available to U.S. utilities, enterprises, and next-generation D2D satellite providers, describing it as a rare, nationwide low-band spectrum asset uniquely suited for mission-critical communications. Black & Veatch, which served as Grain's exclusive sales agent and industry partner, will continue advising and implementing private LTE and 5G networks for utilities evaluating spectrum ownership. The 800 MHz band offers 14 MHz of available bandwidth across most markets, supporting both current and future utility communications requirements. The transaction follows FCC approval and received broad support from utility stakeholders and industry organizations.
Deutsche Telekom Expands Share Buyback Authorization to $5 Billion
Deutsche Telekom has increased its share buyback authorization to a total of $5 billion, announced alongside its second quarter 2026 results on August 6. The expanded buyback plan has prompted valuation discussions, with one narrative suggesting the stock could be 24.8% undervalued, estimating a fair value of €37.41 compared to the latest close of €28.14. The company is pursuing AI and digital transformation initiatives, including AI-powered network management and collaborations with partners such as NVIDIA, which are expected to lower costs and support margin expansion. However, risks include heavy fiber spending in Germany and reliance on T-Mobile US, which could pressure returns if growth or pricing power disappoints.
GlobalUnited StatesIranGermanySouth KoreaJapanHong Kong SAR ChinaChina+1
Energy Transition & Power Demand▲impact 4
Iran Threatens to Close Strait of Hormuz, Oil Prices Surge Pressuring US Stock Market
US stocks closed lower overnight, with the Dow Jones Industrial Average falling 464.02 points, after oil prices jumped on Middle East tensions. Iran reported that a parliamentary commission is considering a bill to ban US, Israeli, and hostile nations' ships from passing through the Strait of Hormuz, sending WTI crude up 2.75% and Brent crude up 3.83%, reigniting inflation fears. In Europe, the STOXX 600 index closed up 0.16%, hitting a record high for a third straight day, with Deutsche Telekom shares surging 6.3% after expanding its share buyback program by an additional 3 billion euros, bringing the total to a maximum of 5 billion euros. Asian markets opened mixed this morning, with South Korea's KOSPI up 0.89% and Japan's Nikkei slightly higher, while Hong Kong's Hang Seng, China's Shanghai Composite, and Australia's S&P/ASX 200 edged lower.
SpaceX earnings call remarks jolt telecom and energy stocks
SpaceX's latest earnings call triggered sharp moves in telecom and energy stocks after executives outlined plans to build a terrestrial wireless network and massive power infrastructure. COO Gwynne Shotwell said Starlink would target customers of AT&T, Verizon, and T-Mobile, which together generate roughly $600 billion a year, causing shares of those carriers to drop. Deutsche Telekom CEO Timotheus Hottges acknowledged the market reaction, calling it overblown but saying the company takes SpaceX's ambitions seriously. Separately, Elon Musk's comments about building 20 gigawatts of power lifted natural gas equipment suppliers GE Vernova and Baker Hughes, as well as power providers Constellation Energy, NextEra Energy, Vistra, and EQT Corporation. The call also boosted Nvidia after Musk said SpaceX would build exclusively on its Vera Rubin architecture, and highlighted Echostar's 261.8 million share stake in SpaceX as a direct beneficiary.
Artificial Intelligence › AI Compute & Accelerator Silicon ▲Demand
Artificial Intelligence › AI Power & Cooling ▲Demand
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Artificial Intelligence › AI Data Center & Build-out Demand
SPCX · Demand · Positive SpaceX's own earnings call outlines plans for terrestrial wireless network and power infrastructure, directly impacting its business.
ECHO · Capital · Positive EchoStar's 261.8 million share stake in SpaceX is highlighted as a direct beneficiary of SpaceX's plans.
T · Competition · Negative SpaceX targets AT&T's customers with Starlink, posing a competitive threat.
TMUS · Competition · Negative SpaceX targets T-Mobile's customers with Starlink, posing a competitive threat.
VZ · Competition · Negative SpaceX's Starlink plans to target AT&T, Verizon, and T-Mobile customers, threatening Verizon's market share.
BKR · Demand · Positive Musk's plan to build 20 GW of power infrastructure boosts demand for GE Vernova's gas equipment.
European Stocks Extend Gains to Hit Record Highs, Deutsche Telekom and WPP Surge
European stock markets extended gains, with the STOXX Europe 600 index closing at a record high for a third consecutive session. Information analytics firm RELX fell 4.1 percent as it traded ex-dividend, while concerns over its performance following results from a US software company also weighed. Housebuilder Persimmon rose 2.9 percent after issuing a solid earnings outlook. Advertising giant WPP surged 28.6 percent, and Deutsche Telekom, which expanded its share buyback program, gained 6.3 percent. On the other hand, German defense major Rheinmetall dropped 3.5 percent after cutting its full-year revenue forecast.
European stocks end mixed as WPP surges 29% on profit beat
European equities finished mixed on Thursday as investors weighed corporate earnings and geopolitical developments. The pan-European Stoxx 600 edged up 0.16%, while the UK's FTSE 100 slipped 0.19%, Germany's DAX added 0.05%, and France's CAC 40 rose 0.35%. WPP shares skyrocketed 29% after the advertising group reported better-than-expected first-half profits and margins, and Diageo climbed 5.6% on a $1 billion cost-savings plan. Deutsche Telekom surged nearly 6.5% after second-quarter operating profit rose to 6.863 billion euros from 6.642 billion euros a year earlier, while Hermes International gained over 5% in Paris. On the downside, Scout24 fell nearly 7% despite higher earnings, and Siemens dropped 4.4% even as third-quarter net income grew to 2.270 billion euros.
WPP.LSE · Capital · Positive WPP reported better-than-expected first-half profits and margins, surging 29%.
DGE.LSE · Capital · Positive Diageo announced a $1 billion cost-savings plan, boosting shares 5.6%.
DTE.XETRA · Capital · Positive Deutsche Telekom's second-quarter operating profit rose to 6.863 billion euros from 6.642 billion euros.
G24.XETRA · Capital · Negative Scout24 fell nearly 7% despite higher earnings, likely due to profit-taking or guidance.
SIE.XETRA · Capital · Negative Siemens dropped 4.4% even as third-quarter net income grew to 2.270 billion euros, possibly due to guidance or market reaction.
T-Mobile launches 'Nothing' initiative for $0 upfront phone financing
T-Mobile has announced its 'Nothing' initiative, which is a new way for new and existing customers to pay $0 upfront for a new phone. The carrier is updating its equipment installment plans to offer 36-month financing instead of the previous standard 24 months, introducing EIP Flex 36 and EIP Standard 36 options. EIP Flex 36 allows customers to finance the device, taxes, and fees over 36 months with 0% APR for a limited time. T-Mobile also launched new wireless plans, including Essentials 2.0 and Experience 2.0, and student perks with a $30 monthly line. The changes come as the company moves away from device subsidies and expects a temporary increase in customer churn in the third quarter.
European UnionUnited KingdomIrelandRomaniaFranceCzechiaGermanySpain+1
Space Economy▲
AST SpaceMobile Expands European Integration Testing with Vodafone, Orange, Telefónica, Deutsche Telekom, and Vodafone Ukraine
AST SpaceMobile announced the expansion of network integration testing across Europe in collaboration with leading mobile network operators Vodafone, Orange, Telefónica, Deutsche Telekom, and Vodafone Ukraine. The testing, subject to regulatory approvals, is underway in the United Kingdom, Ireland, Romania, France, the Czech Republic, Germany, Spain, and Ukraine, leveraging the carrier-neutral gateway infrastructure of Satellite Connect Europe, a joint venture between AST SpaceMobile and Vodafone. The initiative aims to integrate AST SpaceMobile's space-based cellular broadband service with existing terrestrial networks using standard, unmodified smartphones. The company works with nearly 60 mobile network operators globally, representing over 3 billion existing subscribers, and its satellite technology is backed by approximately 3,900 patent and patent-pending claims.
VoIP-Pal Granted Leave to File Amended Antitrust Complaint Against AT&T, Verizon, and T-Mobile
VoIP-Pal.com Inc. has been granted leave by the United States District Court for the District of Columbia to file an amended complaint focusing on federal antitrust claims under the Sherman Act against AT&T, Verizon, and T-Mobile. The amended complaint, limited to 60 pages and due within 30 days, will detail allegations that the carriers and mobile platform providers excluded independent Wi-Fi calling providers from the market. VoIP-Pal will streamline the litigation by dropping several counts, including RICO claims, to concentrate on the Sherman Act claims that are central to all four pending actions. CEO Emil Malak stated the amended complaint will more clearly show how the defendants' conduct foreclosed competition and prevented VoIP-Pal from entering the market.
AT&T, Verizon, and T-Mobile jointly enable Glide.id cryptographic authentication at the carrier network level
AT&T, T-Mobile, and Verizon have jointly enabled Glide.id's cryptographic authentication technology at the carrier network level. The collaboration targets rising AI-driven fraud by shifting from SMS-based logins to SIM-anchored cryptographic authentication, supporting passwordless authentication across services that rely on mobile identity verification. This move places mobile identity security directly within the carrier networks and reflects how large telecoms are responding to AI-driven fraud and regulatory pressure around customer data protection. By moving cryptographic authentication into the carrier network, the three carriers aim to make SIM-based identity a default layer for banks, fintech apps, and consumer services that have relied on SMS one-time passwords. For AT&T, the initiative aligns with a focus on higher-value, stickier customer relationships and could help monetize its network in ways less sensitive to basic access pricing.
T-Mobile US executives oppose $300 billion Deutsche Telekom merger plan
T-Mobile's US executives have informed Deutsche Telekom that they no longer support a proposed $300 billion merger between the two companies, Semafor reported Friday, citing people familiar with the matter. The executives pointed to shareholder concerns and potential regulatory issues as reasons for their opposition. Several of T-Mobile's non-controlling shareholders, including large institutional investors, told the US company they would oppose a merger with Deutsche Telekom. T-Mobile executives also received information from government officials indicating that US regulators would likely require a guarantee that T-Mobile's US revenue would be reinvested in the country or otherwise remain in the United States. T-Mobile shares were trading roughly 0.9% lower following the report, while Deutsche Telekom ADRs in the US were recouping some earlier losses but still traded 0.9% lower for the day.
T-Mobile's AI-powered 5G network supported one of the largest live events in U.S. history
T-Mobile revealed how its AI-powered Dynamic CX platform and 5G Advanced network supported one of the largest live events in U.S. history, this summer's international soccer tournament across 11 U.S. host markets. The network carried more than 1 petabyte of traffic across all host stadiums on game days, connected over 2.26 million fans across 78 matches, and maintained 99.9% network availability. Dynamic CX executed over 11,000 automated network optimizations during 12 major fan events outside venues, while T-Mobile customers experienced average download speeds exceeding 300 Mbps in stadiums. The company also supported public safety agencies with portable network assets and T-Priority for first responders, and at the championship match at MetLife Stadium delivered average download speeds of 1,251 Mbps.
TMUS · Technology · Positive T-Mobile's AI-powered 5G network successfully supported a major live event, demonstrating technological capability and reliability.
DTE.XETRA · Technology · Positive Deutsche Telekom is the parent company of T-Mobile US, benefiting indirectly from the positive demonstration of its subsidiary's network technology.
T-Mobile reported second quarter earnings that missed analysts' revenue estimates, sending shares down about 8%. The company added 277,000 net accounts, down roughly 13% from a year earlier but slightly above the 264,000 consensus. T-Mobile reiterated its full-year guidance for postpaid net account additions of 950,000 to 1.05 million, disappointing investors who had expected a raise across the board. Analysts noted the stock was priced for perfection and that the unchanged outlook, combined with the revenue miss, triggered the sell-off.
TMUS · Capital · Negative Q2 revenue miss and unchanged full-year guidance disappointed investors, triggering an 8% sell-off.
DTE.XETRA · Capital · Negative As majority owner of T-Mobile US, Deutsche Telekom is indirectly affected by the negative earnings report and stock decline.
T-Mobile Offers Up to $1,900 Off Samsung Galaxy Z Fold8 Series with Trade-In
T-Mobile announced that Samsung's new Galaxy Z Fold8 Ultra, Galaxy Z Fold8, Galaxy Z Flip8, Galaxy Watch9, and Galaxy Watch Ultra2 are available for pre-order starting today and will launch on August 7. Customers can get up to $1,900 off the Galaxy Z Fold8 or Z Fold8 Ultra with an eligible trade-in on the Experience Beyond and Go5G Next plans, making the Galaxy Z Fold8 free or the Z Fold8 Ultra just $200. The Galaxy Z Flip8 is available for $100 with a new line or trade-in on select plans, while business customers can receive up to $1,300 off when switching and trading in a device, or up to $900 off when adding a line with no trade required. Wearable deals include a free Galaxy Watch9 40mm or $430 off the Galaxy Watch Ultra2 on the Watch Plan Plus, and starting July 30, a 25 percent discount on a bundle of a case, screen protector, charger, and Samsung Buds. T-Mobile also highlighted its 5G Advanced network, T-Satellite with Starlink connectivity, and plan benefits such as Hulu, Netflix, and MLB.TV on Us.
TMUS · Demand · Positive T-Mobile's aggressive trade-in offers on Samsung's new Galaxy Z Fold8 series and wearables are expected to drive customer upgrades and new subscriptions.
005930.KO · Demand · Positive Samsung's new Galaxy Z Fold8 series and wearables are being heavily promoted by T-Mobile, likely increasing sales volumes.
DTE.XETRA · Demand · Positive As majority owner of T-Mobile US, Deutsche Telekom benefits indirectly from T-Mobile's promotional campaign boosting subscriber growth.
Bandwidth and Deutsche Telekom top Seeking Alpha quant picks in communication services ahead of Q2 earnings
Bandwidth and Deutsche Telekom lead Seeking Alpha's quantitative rankings for communication services stocks as the sector prepares to report second-quarter earnings. Bandwidth earned the highest quant score of 4.99 out of 5 with a Strong Buy rating, driven by strong momentum and revision factors, and its stock has surged over 340% year-to-date. Deutsche Telekom followed with a score of 4.76 and a Strong Buy rating, supported by top marks in profitability and revisions. The broader communication services sector declined nearly 4% in the second quarter, underperforming the S&P 500's 14% gain, and is expected to post 7.1% year-over-year earnings growth on a 13.7% revenue increase, according to FactSet. Among the 105 companies in the sector with market capitalizations above $2 billion, 21 are rated Buy or higher, 72 are Neutral, and 11 are Sell or worse, with Liberty Broadband, Trade Desk, and Kuaishou Technology among the lowest-rated names.
T-Mobile restricts Keep and Switch and Family Freedom offers to new accounts only
T-Mobile has restricted its Keep and Switch and Family Freedom promotions to new accounts only, effective July 9. Previously available to both new and existing customers, the offers reimburse up to $800 per line to pay off device balances when switching to T-Mobile, with Family Freedom also requiring a device trade-in. The carrier is also limiting both promotions to accounts that have either T-Satellite or Home Internet. This change follows several recent moves affecting customer savings, including the retirement of older plans like Magenta and Simple Choice, the axing of the KickBack discount, and various fee increases.
TMUS · Demand · Negative Restricting promotions to new accounts only reduces incentives for existing customers, potentially lowering demand for T-Mobile's services.
DTE.XETRA · Demand · Negative As majority owner of T-Mobile US, the restriction on promotions may negatively impact Deutsche Telekom's subsidiary performance.
T-Mobile Appoints Chris Sambar as Chief Enterprise Officer
T-Mobile announced a major evolution of its executive leadership team to accelerate expansion into new business areas including AI and 6G development. Wireless industry veteran Chris Sambar will join the company as Chief Enterprise Officer by mid-October, leading the expansion of T-Mobile's SMB, enterprise, and government portfolios while scaling emerging growth opportunities like T-Ads and Physical AI. André Almeida has been promoted to Chief Marketing, Brand, and Broadband Officer, partnering with COO Jon Freier to focus on consumer wireless and broadband growth. The company is also consolidating its network, technology, product engineering, and cyber divisions under Chief Technology Officer Dr. John Saw. These changes coincide with the departure of Chief Business & Product Officer Mike Katz, who will transition into a strategic advisory role through the end of 2026.
TMUS · Capital · Positive T-Mobile appoints new Chief Enterprise Officer and restructures leadership to accelerate AI and 6G growth, signaling strategic expansion.
DTE.XETRA · Capital · Positive As majority owner of T-Mobile US, Deutsche Telekom benefits from T-Mobile's strategic leadership changes aimed at growth.
Public Storage COO Chris Sambar resigns to join T-Mobile
Public Storage announced the resignation of Chief Operating Officer Chris Sambar, who is leaving to take a senior leadership role at T-Mobile. The company has put interim leadership arrangements in place to cover COO responsibilities. Sambar's departure is described as amicable, reducing the risk of underlying disputes, but investors face execution risk as the company integrates acquisitions such as Public Storage Canada and continues its PS4.0 program. Direct reporting of operations to CEO Tom Boyle may create clearer accountability during the transition.
UBS says Deutsche Telekom selloff overdone, merger fears overblown
UBS believes the recent 5.5% drop in Deutsche Telekom shares is overdone, arguing that concerns about a potential merger with T-Mobile US and rising U.S. wireless competition have overshadowed solid operating performance. The brokerage questioned the need for a full merger, noting Deutsche Telekom already owns 54% of T-Mobile US and retains operational control, while any move to increase ownership could face regulatory scrutiny given the German government's 28.6% stake and foreign investment rules. U.S. shareholders largely favor T-Mobile US as a standalone business, and Deutsche Telekom investors worry about paying a premium for the remaining minority stake. Reports that Charter Communications is exploring a satellite-backed mobile service are seen as a limited near-term competitive threat, as satellite connectivity is more likely to complement existing networks. UBS maintained its Buy rating and €36.60 price target, citing attractive valuation, double-digit earnings growth, a dividend yield of about 4.4%, and continued share buybacks.
Eurozone Dividend Safety Faces Geopolitical and Currency Risks for U.S. Investors
The SPDR EURO STOXX 50 ETF, which tracks 50 Eurozone blue chips, faces potential distribution volatility for U.S. holders due to geopolitical pressures and euro-dollar exchange rate swings. ASML, the fund's largest holding at 11%, raised its 2025 dividend by 17% to €7.50 per share, backed by a record €45 billion order backlog, though export controls on China remain a risk. TotalEnergies, at 3.77%, raised its ordinary dividend 5.6% to €3.40 but carries genuine cyclical risk, with coverage tightening if oil prices fall back to $55 a barrel. Other top holdings like SAP, Banco Santander, and Deutsche Telekom have all increased payouts, with SAP guiding free cash flow to roughly €10 billion and Deutsche Telekom lifting its annual payment from $0.81 to $1.16. A 10% move in the euro can shift the dollar distribution by roughly the same amount, making currency the key wildcard for U.S. investors.
T-Mobile phasing out older plans, moving customers to 5G offerings
T-Mobile is eliminating many legacy phone plans and moving affected customers to newer options as part of an effort to simplify its wireless offerings. The move could impact more than 1,100 legacy billing codes, including plans like Simple Choice, T-Mobile One, grandfathered Sprint plans, and the Magenta family of phone plans. Customers will be notified that their old plan is being phased out and upgraded, with some seeing no change to their monthly bill while others face a modest adjustment. T-Mobile confirmed it is retiring its oldest plans, some dating back nearly 15 years to the 3G and 4G eras, and transitioning customers to modern plans with a five-year price guarantee.
TMUS · Pricing · Positive T-Mobile is phasing out older plans and moving customers to newer 5G offerings, which may increase revenue per user and simplify operations.
DTE.XETRA · Pricing · Positive As majority owner of T-Mobile US, Deutsche Telekom benefits from T-Mobile's plan simplification and potential revenue uplift.
NetSfere, Google and Deutsche Telekom launch joint RCS roadshow across Germany
NetSfere, Google Germany and Deutsche Telekom announced a joint roadshow series to bring Rich Communication Services to enterprise decision-makers across Germany. The three partners will host four invite-only executive sessions in July 2026 in Bonn, Munich, Hamburg and Berlin, each running from 8:30 to 11:00. The roadshow unites Google's RCS ecosystem leadership, Deutsche Telekom's network reach in one of Europe's most advanced RCS markets, and NetSfere's omnichannel enterprise messaging platform. Each session is intentionally kept small to enable open, peer-level discussion among CIOs, digital transformation leaders and senior business executives. The global RCS market is projected to reach $8.5 billion by 2032, with over a billion active users and the majority of mobile subscribers now RCS-capable.
SpaceX Weighs Starlink Retail Mobile Service in U.S., Challenging Verizon
SpaceX is reportedly considering a Starlink retail mobile internet service in the U.S., which would compete directly with Verizon Communications, AT&T, and T-Mobile. Starlink has secured wireless spectrum licenses and may choose to operate its own retail offering rather than rely on existing carrier partnerships. This potential entry could matter most in rural and underserved areas, where Starlink's satellite network may appeal to customers with limited traditional coverage options. For Verizon, a retail push from Starlink adds another competitor in an already crowded U.S. wireless market, and investors may want to watch how the company responds on coverage, pricing, and bundled services.
Space Economy › Satellite Connectivity & Direct-to-Device ▼Competition
SPCX · Demand · Positive SpaceX is considering a Starlink retail mobile service, which would expand its customer base and revenue.
VZ · Competition · Negative Starlink's retail mobile service would compete directly with Verizon, adding a new competitor in rural and underserved areas.
T · Competition · Negative Starlink's retail mobile service would compete directly with AT&T in the U.S. wireless market.
TMUS · Competition · Negative Starlink's retail mobile service would compete directly with T-Mobile in the U.S. wireless market.
DTE.XETRA · Competition · Negative Deutsche Telekom owns T-Mobile US, so Starlink's entry indirectly affects its subsidiary's competitive position.
SpaceX and Charter held talks for US mobile phone partnership
SpaceX and Charter Communications have held high-level discussions about a partnership to launch a consumer mobile phone offering in the United States, Bloomberg News reported, citing people familiar with the matter. A potential deal would allow Elon Musk’s company to route some of its phone traffic through Charter’s ground-based internet infrastructure. SpaceX currently offers Starlink Mobile service with text messages and internet-based calls for $10 a month via T-Mobile. A deal with Charter, the largest home internet company in the US, would enable SpaceX to operate more like a direct-to-consumer mobile phone provider. Neither company immediately responded to requests for comment.
CHTR · Demand · Positive Potential partnership with SpaceX to route phone traffic through Charter's infrastructure could drive demand for its network services.
SPCX · Demand · Positive Deal would enable SpaceX to operate more like a direct-to-consumer mobile provider, expanding its Starlink Mobile service.
TMUS · Competition · Negative SpaceX-Charter partnership could compete with T-Mobile's existing Starlink Mobile partnership.
DTE.XETRA · Competition · Negative As T-Mobile's parent, Deutsche Telekom faces potential competitive threat from SpaceX-Charter deal.
Mavenir wins Deutsche Telekom Partner of the Year Award for Best Network Innovation
Mavenir has won the Best Network Innovation award at Deutsche Telekom’s Partner of the Year Awards. The award recognizes Mavenir’s central role in the Most Energy Efficient Core project, a flagship collaboration with Deutsche Telekom built on its Horizontal TelCo Cloud architecture. The MeeC project, launched in 2025, uses AI-driven traffic analysis and predictive workload optimization to cut energy consumption in 5G core networks by up to 65 percent during low-traffic periods without affecting performance or service quality. The award was presented by Deutsche Telekom’s senior management at the Telekom Campus Fair 2026, and AMD was also recognized for its contribution to the MeeC initiative.
Mavenir · Technology · Positive Mavenir wins Best Network Innovation award for its central role in the Most Energy Efficient Core project with Deutsche Telekom.
AMD · Technology · Positive AMD's contribution to the MeeC project is recognized with an award, highlighting its technology role in energy-efficient core network innovation.
AMD · Demand · Positive AMD recognized for contribution to MeeC project, highlighting its role in energy-efficient 5G core solutions.
DTE.XETRA · Technology · Positive Deutsche Telekom awards Mavenir for innovation in energy-efficient core network, reflecting DT's leadership in network innovation.
SpaceX plans Starlink mobile service to compete with Verizon and AT&T
SpaceX has told investors it plans to launch a new Starlink mobile service for U.S. consumers, according to the Financial Times. President and COO Gwynne Shotwell said during an IPO roadshow that the company was considering a Starlink retail product and could build its own terrestrial mobile network. The move would require Starlink to sell mobile contracts directly to individual customers, positioning it as a potential competitor to Verizon, AT&T, and other traditional telecom providers. TD Cowen analyst Gregory Williams noted that T-Mobile would be the clear acquisition target if SpaceX opts to own a wireless business outright, citing the existing Starlink partnership between the two companies.
Germany's $125 Billion Deal Boom Puts M&A Back in Focus
Germany is experiencing a surge in dealmaking, with $125 billion of announced transactions involving German companies in the first half of the year, potentially the third-highest tally in two decades. Volkswagen has agreed to sell a stake in its Everllence marine engine business to Bain Capital for about 7.4 billion. Other major deals include Kone's 29.4 billion takeover of TK Elevator and Deutsche Borse's 5.3 billion acquisition of Allfunds. Further activity may be ahead, with UniCredit pursuing Commerzbank, Uber eyeing Delivery Hero, and Deutsche Telekom discussing a combination with T-Mobile US. Private equity firms are also active, with Triton buying Flender for about 3 billion and Stada reportedly considering a 6 billion acquisition of Cooper Consumer Health.
Germany
