Deutsche Telekom : T-Mobile adding 16-19% growth to group FCF in 2024
>Outlook: T-Mobile should continue to carry Deutsche Telekom in 2024 - Yesterday evening, T-Mobile US (TMUS) published its Q4 2023 results; TMUS represents 80% of consolidated FCF at Deutsche Telekom group and 95-100% of FCF growth. For 2024, TMUS is targeting FCF growth of 20-24% based on EBITDA growth of 8-10% thanks to a 7% increase in the client base, economies of scale on costs (reduction in headcount) and a capex reduction of 4-8%. The new forecasts for 2024 FCF...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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