Deutsche Telekom : Strong TMUS in Q3 2024, despite comments on buybacks and AI-RAN capex
>Solid growth continues in Q3 2024 - TMUS reported Q3 2024 results with service revenues up 5.1% y-o-y, with +9% in retail thanks to customer growth and despite a decline in wholesale revenues (loss of MVNO contracts). EBITDA growth remained strong at 8% y-o-y and year-to-date FCF is up 40% y-o-y, helped by lower capex (-19% year-to-date). This is slightly better than we expected again.The good news: still outperforming AT&T and Verizon - TMUS slightl...Deutsche Telekom is engaged in the telecommunications services and information technology sectors. Co. operates as an integrated telecommunications provider. It is organized into four operating segments: Germany, Europe, and the United States; and Systems Solutions, as well as Group Headquarters and Shared Services. Co. provides fixed-network lines, broadband lines and mobile communications. Co. also provides customized Information and Communication Technology (ICT) solutions for corporate customers under the T-Systems brand. The Group Headquarters and Shared Services segment comprises cross-segment management functions, real estate services, and mobility solutions, among others.
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