Deutsche Telekom has reported revenue of €87.36 billion for the first nine-months of 2025, marking an increase of 3 percent compared to the same period last year. Revenue for the third quarter stood at €28.93 billion, up 1.5 percent, driven by solid performance in the United States and Europe.
In Germany, revenue decreased by 1.5 percent to €18.85 billion, mainly due to lower mobile terminal equipment sales. However, service revenue grew by 0.9 percent, reflecting stable customer demand for connectivity services.
Revenue of T-Mobile US rose 4.7 percent to €57.16 billion, supported by growth in both service and terminal equipment revenues.
Deutsche Telekom’s European business posted a 2.3 percent increase to €9.35 billion, benefiting from higher service revenue. The Systems Solutions segment grew 2.4 percent to €3.04 billion, led by strong demand in Digital and Road Charging solutions.
Capex
Deutsche Telekom’s capital expenditure (Capex) before spectrum investment was €12.21 billion, down 2.2 percent year-on-year. Cash Capex, excluding spectrum, rose by €0.3 billion to €12.2 billion, with higher network investments in the United States partially offset by reduced spending in Germany due to timing of fiber rollouts. Including spectrum investment, total Cash Capex reached €14.6 billion.
Deutsche Telekom invested €1.1 billion in mobile spectrum licenses across the United States and Europe.
By September 2025, Deutsche Telekom’s 5G network covered 98.8 percent of Germany’s population. Around 11.8 million households and businesses in Germany now have access to the company’s fiber-optic lines. Across Europe, its national subsidiaries provided 5G coverage to 89.3 percent of the population, and 10.9 million households could access gigabit fiber connectivity.
Subscribers
Deutsche Telekom said the total number of mobile customers rose to 272.5 million in September 2025, up from 263.3 million in June 2025, reflecting subscriber momentum, particularly in the U.S. market. Fixed-network lines totaled 24.9 million, down from 25 million in the previous quarter. Broadband customers of Deutsche Telekom remained steady at 22.4 million.
Germany
Mobile Customers: Germany segment had 72.8 million mobile customers. High-value contract customers under Telekom and congstar grew by 773,000 since December 2024. Prepaid customer base increased 8 percent, largely driven by M2M SIMs for the automotive sector.
Fixed and Broadband Lines: Total fiber-optic lines grew to 20.9 million due to higher bandwidth demand. Retail broadband lines remained stable at 15.1 million, with 54 percent subscribing to speeds of 100 Mbit/s or higher. Fixed-network lines declined 1.6 percent to 16.9 million due to lower voice product usage.
TV Customers: TV subscriber base rose by 87,000 (1.9 percent) since year-end 2024.
Network Coverage: 5G is available to 98.8 percent of German households. Fiber-optic network coverage reached 11.8 million households.
Capex: Cash Capex before spectrum investment decreased 9.4 percent year-on-year to support fiber roll-out allocation.
T-Mobile
Total Customers: T‑Mobile US had 139.9 million customers as of September 30, 2025, up from 129.5 million at December 31, 2024, with net additions of 5.5 million in the first nine months of 2025 (compared to 4.3 million in the same period of 2024).
Postpaid Customers: Postpaid net additions were 5.4 million, driven by growth in mobile internet devices, broadband, other connected devices, and phone customers. Increases were partially offset by higher churn due to rate plan optimizations and deactivations. 5G broadband net additions in postpaid were 1.3 million, and fiber net additions were 73,000.
Prepaid Customers: Prepaid net additions were 127,000, slightly lower than 155,000 in 2024, primarily due to higher deactivations and prepaid-to-postpaid migrations. 5G broadband net additions in prepaid were 104,000.
Capex: Cash Capex before spectrum investment rose 9.5 percent to €6.7 billion (13 percent in USD) due to new site builds and property/equipment purchases. Total Cash Capex, including spectrum, increased 4.1 percent to €8.9 billion (7.9 percent in USD), partly driven by fiber customer acquisitions and equipment purchases, offset by lower spectrum license spending.
Europe
Mobile Customers: Total mobile customers reached 50.7 million, up 2.1 percent from the end of 2024. Contract customers grew 1.7 percent, representing 53.7 percent of the base. Prepaid customers increased 2.5 percent, driven by corporate M2M customers in Poland and conversions to higher-value contracts. 5G coverage reached 89.3 percent of the population across the European footprint.
Broadband and Fixed-Network Lines: Broadband customers rose 2.0 percent to 7.3 million, primarily in Poland, Czech Republic, and Greece, offsetting declines in Hungary and Austria. High-performance fiber-optic network coverage reached 10.9 million households (41.5 percent), with 800,000 additional homes passed compared to year-end 2024. Fixed-network lines slightly declined by 0.6 percent to 8.0 million.
TV and Entertainment: TV customers totaled 4.4 million, showing modest growth in a largely saturated market with competition from OTT providers.
Convergent Products (FMC): MagentaOne convergent products reached 8.6 million customers, a 5.5 percent increase, driven by Poland, Greece, Hungary, and the Czech Republic, including business offerings through MagentaOne Business.
Digital Interaction: The service app is now used by 71.1 percent of customers, enhancing personalized engagement and faster product delivery.
Capex: Cash Capex before spectrum investment was €1.4 billion, up slightly year-on-year. Including spectrum purchases in Poland and Slovakia, total Cash Capex increased 13.4 percent, supporting broadband, fiber-optic, and 5G network expansion.
Baburajan Kizhakedath
