Deutsche Telekom expands 2026 share buyback by €3 billion

Deutsche Telekom expanded its 2026 share buyback programme by €3 ‌billion ($3.5 billion) ⁠to ⁠up to €5 billion after it reported second-quarter core earnings above market expectations on Thursday.

The additional repurchases will help address the low valuation of ​the group’s shares ⁠relative to ‌their historical levels and ​take ​advantage of recent stock-price ⁠volatility, the German telecoms operator said. The ​Bonn-based group reported adjusted earnings ​before interest, taxes, depreciation and amortisation after leases, or EBITDAaL, of €11.8 billion for the second quarter, up from €11.0 ‌billion a year ago and above analyst consensus of €11.7 ​billion compiled by ​the ⁠company.