Deutsche Telekom said revenue increased 3.6 percent to €28.5 billion during July-September. Service revenues of Deutsche Telekom grew 3.8 percent to €24.1 billion.
Capex of Deutsche Telekom was €5.793 billion in Q3 2024 vs €4.265 billion in Q3 2023.
“The growth momentum continues unabated on both sides of the Atlantic,” said Christian Illek, CFO of Deutsche Telekom. “At the same time, we have successfully brought our leverage ratio back down to below our target value.”
Deutsche Telekom expects to report adjusted EBITDA AL of around 43.0 billion euros, up from the previous guidance of around 42.9 billion euros. This relates to T-Mobile US raising the mid-point of its guidance range by $50 million, and to an expected increase in earnings of now 0.1 billion euros contributed by business outside of the United States.
Germany
Deutsche Telekom Germany has reported mobile customer base of 66.92 million at the end of September 2024 from 59.77 million in Q3 2023.
Deutsche Telekom Germany has 17.21 million fixed-network line customers in Q3 2024 vs 17.35 million in Q3 2023.
Deutsche Telekom Germany has 15.13 million broadband customers in Q3 2024 vs 14.95 million in Q3 2023.
Deutsche Telekom Germany has 15.13 million fiber broadband customers vs 14.95 million in Q3 2023.
A record 131,000 customers opted for a fiber plan. This compares to 77,000 FTTH lines activated in the prior-year period. Broadband net adds totaled 38,000. 49 percent of retail broadband customers now use a rate plan offering speeds of up to 100 MBit/s and more. The number of new TV customers increased to 76,000, up from 51,000 TV net adds in the prior-year period.
Deutsche Telekom added 327,000 branded mobile contract connections. Mobile service revenues grew by 2.1 percent between July and September.
Revenue in Germany grew 2.5 percent in the third quarter to €6.5 billion.
United States
T-Mobile US has recorded mobile phone customer base of 127.492 million at the end of September 2024 vs 117.9 million in Q3 2023.
T-Mobile US’ postpaid customer base grew by 1.6 million. The number of postpaid phone customers was up by 865,000. The churn rate in the key postpaid phone customer segment dropped to 0.86 percent, reaching a record low for a third quarter.
Service revenues of T-Mobile US increased by 5.2 percent in the quarter to $16.7 billion.
Europe
Deutsche Telekom Europe has reported mobile customer base of 49.71 million at the end of September 2024 from 47.94 million in Q3 2023.
Deutsche Telekom Europe has 8.045 million fixed-network line customers in Q3 2024 vs 7.995 million in Q3 2023.
Deutsche Telekom Europe has 7.146 million broadband customers in Q3 2024 vs 6.913 million in Q3 2023.
Deutsche Telekom’s Europe revenue grew 4.2 percent to €3.1 billion. Service revenues grew 4.7 percent.
The mobile contract customer base grew by 176,000 to 27.8 million. The number of users of fixed-mobile convergence products passed the 8 million mark for the first time on the back of 143,000 FMC net adds.
The number of broadband customers increased by 47,000, and the number of TV customers by 41,000. Greece was the biggest contributor with 24,000 TV net adds, thanks in part to an attractive portfolio of sports broadcasting rights.
Baburajan Kizhakedath
