Deutsche Telekom Opens Two Fibre Fronts as Payout Plans Fall Short of Forecasts
Published on 11/15/2026 at 19:10 | Editorial boerse-global.de
Deutsche Telekom kicked off fibre-optic build-outs in two German locations on Thursday, pairing a commercial rollout in Worms-West with a subsidised project in Wismar. The Worms-West scheme is designed to reach roughly 10,000 households and businesses, while the Wismar programme covers 2,406 premises. Both efforts target private homes and commercial customers alike.
The northern project carries a heavier engineering load. More than 198 kilometres of fibre cable and 52 new network distributors are planned for Wismar, with completion expected by October 2029 — a timeline that stretches across several years. The connection figures cited for both sites describe the premises that will be able to hook up once construction wraps.
Network Test Win and a Loyalty Push
Away from the trenching, the Bonn-based group picked up a first place among four German network operators in the IMTEST and zafaco mobile benchmark, announced on Tuesday. The overall verdict was "sehr gut," with a grade of 1.24. Measurements for the comparison ran from 31 August to 27 September.
On the customer side, the company unveiled changes to its Magenta Moments loyalty programme on Wednesday. "Magenta Wednesday" becomes a fixed weekly promotional day, backed by offers and prize draws in the MeinMagenta app — an extension of the existing rewards scheme.
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Buyback Running Below Expectations
Capital returns remain the sharper talking point for shareholders. Telekom plans to pay a dividend of EUR 1.10 per share for 2026, with share buybacks of up to EUR 2 billion earmarked for 2027. Those figures landed below what the market had bargained for: analysts had pencilled in EUR 3 billion of repurchases, according to dpa-AFX, and the proposed dividend also came in slightly shy of forecasts.
The group is already active in the market. A progress notice published on 9 November showed roughly 5.22 million own shares acquired in the week from 2 to 6 November. Since the programme began on 10 August, the tally had reached about 49.4 million shares through 6 November.
Guidance Lifted on Strong Quarterly Figures
Underpinning the investment plans are quarterly results released on 5 November. Group revenue came in at EUR 31.1 billion, equal to organic growth of 5.5%. Adjusted EBITDA AL reached EUR 12.2 billion, up 8.0% on an organic basis.
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Management also raised its outlook for 2026, now expecting around EUR 47.6 billion in adjusted EBITDA AL and roughly EUR 20.1 billion in free cash flow AL.
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