Deutsche Telekom Pushes Deeper Into AI and Fibre While Extending Its Buyback
Published on 11/15/2026 at 16:31 | Editorial boerse-global.de
Deutsche Telekom is expanding on several fronts at once, pairing a fresh round of fibre build-outs and mobile network accolades with a bigger bet on artificial intelligence infrastructure and a share buyback that keeps rolling along.
The group said it began fibre rollout in Alt-Marl on Thursday, a project that will connect 2,323 households and businesses, with completion targeted for 2027. That announcement followed a Thursday start to fibre work in Worms-West and the subsidised build in Wismar, where roughly 10,000 and 2,406 households and businesses respectively stand to gain access once the work is finished. The Wismar project calls for more than 198 kilometres of fibre cable and 52 new network distributors, with completion expected by October 2029. All three schemes cover private homes as well as commercial premises.
On the mobile side, the company reported a win in the network test run by IMTEST and zafaco, taking first place among four German operators with an overall grade of "sehr gut" and a score of 1.24. The measurements behind the comparison were taken between 31 August and 27 September. Separately, Telekom said it had brought two new sites online in the Paderborn district and upgraded six existing locations with 4G/5G.
The largest single commitment concerns AI. On 9 November the company announced it would expand its Munich AI factory to 20 megawatts, backed by an investment of just under a further quarter of a billion euros. Additional NVIDIA Blackwell Ultra B300 systems are to add capacity. A final investment decision on a further expansion in Bavaria has not yet been taken, according to the company.
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Its subsidiary T-Systems is also adding AI computing muscle. On 3 November it signed a letter of intent to work with Sparxity, with the partners aiming to integrate Sparxity's energy-efficient AI computing technology into T-Systems data centres, slated for introduction from 2028.
Alongside the infrastructure work, the buyback continues. In a notice dated 9 November, Deutsche Telekom reported the purchase of around 5.22 million of its own shares in the period from 2 to 6 November inclusive. Since the programme began on 10 August, the tally had reached roughly 49.4 million shares through 6 November. Management plans buybacks of up to EUR 2 billion for 2027.
On the customer side, the company announced changes to its Magenta Moments loyalty programme on Wednesday, establishing the "Magenta Mittwoch" as a fixed weekly promotion day and adding offers and prize draws in the MeinMagenta app.
Deutsche Telekom at a turning point? This analysis reveals what investors need to know now.
Investors will get the next set of hard numbers on 25 February 2027, when Telekom publishes results for the fourth quarter and the full year 2026.
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