Deutsche Telekom Q2 2026 earnings call attended by CEO Timotheus Hoettges, CFO Christian Illek, IR head Hannes Wittig, analysts.
Proposed an additional share buyback facility of up to EUR 3 billion in 2026, topping up an ongoing EUR 2 billion program.
Raised 2026 group free cash flow guidance to around EUR 20 billion; reiterated constant-currency EBITDA around 6% to EUR 47.5 billion.
Confirmed it will not sell into T-Mobile US’s share buyback this year; DT stake rose to 54.3% by July.
Management played down satellite substitution risk; flagged complementary direct-to-device deals, while citing structural advantages for terrestrial networks.
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