Deutsche Telekom Announces Share Buyback of Up to €2 Billion [Yahoo! Finance Canada]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
telekom.com/en/investor-relations
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The German phone carrier will propose a dividend of 90 cents per share for the 2024 financial year, up from 77 cents last year, the company said in a statement on Thursday. The dividend payment is subject to shareholder approval. Deutsche Telekom is outperforming its peers in Europe, buoyed by subscriber growth at T-Mobile US Inc. where the company has a majority stake. The company said Thursday it may use its extra cash to continue increasing its stake in the US-based phone carrier or buy back shares. “In recent years, our strategy has made us the undisputed number one in Europe,” Chief Executive Officer Tim Hoettges said in a statement. “We have achieved or even exceeded nearly all of our targets and are now worth more than all our peers on our domestic continent combined.” Hoettges also said the carrier plans to deploy more artificial intelligence tools into it customer service operations, and the company will aim to reduce call volumes with self-s
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