Deutsche Telekom has revealed that its Capex on networks has increased 16.3 percent during the second quarter of 2022 to €4.984 billion.
Capex including spectrum and network has touched €5.086 billion during the second quarter of 2022, registering 17.7 percent growth, Deutsche Telekom said.
Revenue of Deutsche Telekom increased 5.9 percent to €28.168 billion in Q2.
Deutsche Telekom has lifted its annual outlook for the second time, supported by upbeat performances in its U.S. unit T-Mobile along with growth in its European business.
The company now expects to post adjusted EBITDA AL of around 37 billion euros in 2022, up from the previous outlook of more than 36.6 billion euros.
Deutsche Telekom, which has been trying to cut a debt pile of almost 136 billion euros, is selling its tower business to free up funds to invest in infrastructure and secure control of its U.S. business T-Mobile.
Last month, Deutsche Telekom agreed to sell 51 percent of its towers business to a consortium of Canada’s Brookfield and U.S. private-equity firm DigitalBridge, valuing the unit at 17.5 billion euros.
Deutsche Telekom bought additional shares earlier this year in T-Mobile from SoftBank for $2.4 billion, raising its stake in the U.S. company to 48.4 percent.
T-Mobile, which accounts for three-fifths of group revenue, has been gaining subscribers following its merger with Sprint and as it rolls out its 5G service.
In the latest quarter, T-Mobile added 1.7 million customers who pay their bills monthly, increasing its customer base to 110 million.
Deutsche Telekom reported 54.6 million mobile customers in Germany and 46.5 million in the rest of Europe.
