Deutsche Telekom : The monetisation of US success begins. When and how much?
>$ 14bn in share buybacks in the US in 2023 (ODDO BHF: $ 10bn) - T-Mobile US had promised to buy back up to $ 60bn shares 2023-2025. Yesterday evening, the group announced the first tranche of $ 14bn by end-September 2023, of which $ 3bn this year. This is above our forecast of $ 10bn even though the consensus published by Deutsche Telekom was more ambitious at $ 16bn out to December 2023. We can now imagine $ 20bn share buybacks in 2024 followed by $ 26bn in 2025. D...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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